Today we will analyze the stock JIANGXI HONGCHENG ‘A’CNY1 (600461.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in JIANGXI HONGCHENG ‘A’CNY1 (600461.SS)
1- Last bearish trend was from 9.03 $ (3/19/2012) to 7.18 $ (3/30/2012) a 1.85 $ move 2- The current bullish trend started from 7.18 $ at 3/30/2012 and is currently trading at 8.76 $.
3- 600461.SS current support level is at 8.32 which is the 61.80 % fibonacci retracement of the last 1.85 $ move.
4- 600461.SS current resistance level is at 9.03 which is the 100.00 % fibonacci retracement of the last 1.85 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
JIANGXI HONGCHENG ‘A’CNY1 (600461.SS) Short term stock chart patterns for internet stock trading :

None.
JIANGXI HONGCHENG ‘A’CNY1 (600461.SS) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 7.180 and 6.880, and is currently supporting at 7.316.
JIANGXI HONGCHENG ‘A’CNY1 (600461.SS) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 7.180 and 6.880, and is currently supporting at 7.316.

Stock Trading Conclusion:
JIANGXI HONGCHENG ‘A’CNY1 (600461.SS) was trading in a strong bullish wave, which is becoming stronger .
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 : 9.03, 9.53, 10.17.
Stock Support levels : 8.39, 8.32, 8.16, 8.10, 7.97, 7.89, 7.78, 7.62, 7.32, 7.18,.