Today we will analyze the stock CANAL SCIENTIFIC and ‘A’CNY1 (600398.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in CANAL SCIENTIFIC and ‘A’CNY1 (600398.SS)
1- Last bearish trend was from 4.26 $ (4/20/2012) to 4.13 $ (4/24/2012) a 0.13 $ move 2- The current bullish trend started from 4.13 $ at 4/24/2012 and is currently trading at 4.38 $.
3- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
CANAL SCIENTIFIC and ‘A’CNY1 (600398.SS) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Top Pattern at 4.260 that failed, and formed a support .
5- The Stock formed a 0.430 $ height triangle which was broken up at 4.310 in higher than usual volume, target of the pattern is 4.740.
CANAL SCIENTIFIC and ‘A’CNY1 (600398.SS) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 4.280 and 4.430 that was broken up at 4.120 transforming into a supporting line.
CANAL SCIENTIFIC and ‘A’CNY1 (600398.SS) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 1.670 $ height triangle which was broken up at 4.190 in higher than usual volume, target of the pattern is 5.860.

Stock Trading Conclusion:
CANAL SCIENTIFIC and ‘A’CNY1 (600398.SS) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 4.74, 5.86.
Stock Support levels : 4.32, 4.28, 4.26, 4.25, 4.23, 4.13, 4.04,.