Today we will analyze the stock SINOCHEM INTERNATI ‘A’CNY1 (600500.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in SINOCHEM INTERNATI ‘A’CNY1 (600500.SS)
1- Last bearish trend was from 8.28 $ (3/13/2012) to 7.06 $ (4/4/2012) a 1.22 $ move 2- The current bullish trend started from 7.06 $ at 4/4/2012 and is currently trading at 7.90 $.
3- 600500.SS current support level is at 7.81 which is the 61.80 % fibonacci retracement of the last 1.22 $ move.
4- 600500.SS current resistance level is at 8.28 which is the 100.00 % fibonacci retracement of the last 1.22 $ move.
5- 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.
SINOCHEM INTERNATI ‘A’CNY1 (600500.SS) Short term stock chart patterns for internet stock trading :

None.
SINOCHEM INTERNATI ‘A’CNY1 (600500.SS) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 2.290 $ height triangle.
SINOCHEM INTERNATI ‘A’CNY1 (600500.SS) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 2.290 $ height triangle.

Stock Trading Conclusion:
SINOCHEM INTERNATI ‘A’CNY1 (600500.SS) was trading in a 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 : 8.28, 8.61, 9.03.
Stock Support levels : 7.81, 7.70, 7.67, 7.58, 7.53, 7.48, 7.38, 7.35, 7.06,.