Today we will analyze the stock YUNNAN CHIHONG ZIN ‘A’CNY1 (600497.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in YUNNAN CHIHONG ZIN ‘A’CNY1 (600497.SS)
1- Last bullish trend was from 14.03 $ (1/16/2012) to 16.17 $ (1/19/2012) a 2.14 $ move 2- The current bearish trend started from 16.17 $ at 1/19/2012 and is currently trading at 15.43 $.
3- 600497.SS current support level is at 15.35 which is the 38.20 % fibonacci retracement of the last 2.14 $ move.
4- 600497.SS current resistance level is at 15.66 which is the 23.60 % fibonacci retracement of the last 2.14 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
YUNNAN CHIHONG ZIN ‘A’CNY1 (600497.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 14.030 and 12.610, and is currently supporting at 15.166.
YUNNAN CHIHONG ZIN ‘A’CNY1 (600497.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 14.030 and 12.610, and is currently supporting at 15.166.
YUNNAN CHIHONG ZIN ‘A’CNY1 (600497.SS) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 17.840 and 25.300 that was broken up at 14.870 transforming into a supporting line.

Stock Trading Conclusion:
YUNNAN CHIHONG ZIN ‘A’CNY1 (600497.SS) was trading in a strong 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 : 15.60, 15.66, 15.71, 15.80, 15.89, 16.17,.
Stock Support levels : 15.35, 15.17, 15.10, 14.85, 14.03, 13.45, 12.71,.