Today we will analyze the stock ANHUI J/HUAI AUTOM ‘A’CNY1 (600418.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in ANHUI J/HUAI AUTOM ‘A’CNY1 (600418.SS)
1- Last bearish trend was from 6.70 $ (4/16/2012) to 6.42 $ (4/24/2012) a 0.28 $ move 2- The current bullish trend started from 6.42 $ at 4/24/2012 and is currently trading at 6.75 $.
3- 600418.SS current support level is at 6.70 which is the 100.00 % fibonacci retracement of the last 0.28 $ move.
4- 600418.SS current resistance level is at 6.78 which is the 127.20 % fibonacci retracement of the last 0.28 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ANHUI J/HUAI AUTOM ‘A’CNY1 (600418.SS) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.900 $ height triangle which was broken up at 6.570, target of the pattern is 7.470.
ANHUI J/HUAI AUTOM ‘A’CNY1 (600418.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 6.130 and 5.910, and is currently supporting at 6.271.
ANHUI J/HUAI AUTOM ‘A’CNY1 (600418.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 3.030 $ height triangle.

Stock Trading Conclusion:
ANHUI J/HUAI AUTOM ‘A’CNY1 (600418.SS) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 6.78, 6.87, 7.47.
Stock Support levels : 6.70, 6.67, 6.62, 6.59, 6.59, 6.56, 6.55, 6.53, 6.49, 6.43, 6.42,.