Today we will analyze the stock XIANJIANG TIANHONG ‘A’CNY1 (600419.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in XIANJIANG TIANHONG ‘A’CNY1 (600419.SS)
1- Last bullish trend was from 8.70 $ (3/30/2012) to 10.33 $ (4/16/2012) a 1.63 $ move 2- The current bearish trend started from 10.33 $ at 4/16/2012 and is currently trading at 9.81 $.
3- 600419.SS current support level is at 9.71 which is the 38.20 % fibonacci retracement of the last 1.63 $ move.
4- 600419.SS current resistance level is at 9.95 which is the 23.60 % fibonacci retracement of the last 1.63 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
XIANJIANG TIANHONG ‘A’CNY1 (600419.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 10.330 and 10.900, and is currently resisting at 10.221.
XIANJIANG TIANHONG ‘A’CNY1 (600419.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 8.700 and 7.130, and is currently supporting at 9.084.
XIANJIANG TIANHONG ‘A’CNY1 (600419.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 5.680 $ height triangle.

Stock Trading Conclusion:
XIANJIANG TIANHONG ‘A’CNY1 (600419.SS) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 9.93, 9.95, 10.01, 10.07, 10.13, 10.22, 10.33,.
Stock Support levels : 9.71, 9.51, 9.32, 9.08, 8.70, 8.26,.