Today we will analyze the stock AEROSUN CORP ‘A’CNY1 (600501.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in AEROSUN CORP ‘A’CNY1 (600501.SS)
1- Last bullish trend was from 9.63 $ (4/17/2012) to 10.54 $ (4/23/2012) a 0.91 $ move 2- The current bearish trend started from 10.54 $ at 4/23/2012 and is currently trading at 9.78 $.
3- 600501.SS current support level is at 9.63 which is the 100.00 % fibonacci retracement of the last 0.91 $ move.
4- 600501.SS current resistance level is at 9.98 which is the 61.80 % fibonacci retracement of the last 0.91 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
AEROSUN CORP ‘A’CNY1 (600501.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 9.630 and 9.240 that was broken down at 9.850 transforming into a resistance line.
AEROSUN CORP ‘A’CNY1 (600501.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 8.690 and 7.500, and is currently supporting at 9.661.
AEROSUN CORP ‘A’CNY1 (600501.SS) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 8.690 and 7.310, and is currently supporting at 9.641.

Stock Trading Conclusion:
AEROSUN CORP ‘A’CNY1 (600501.SS) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 9.96, 9.98, 10.06, 10.07, 10.09, 10.16, 10.19, 10.25, 10.33, 10.54,.
Stock Support levels : 9.66, 9.64, 9.63, 9.38,.