Today we will analyze the stock CHINA NATIONAL MED ‘A’CNY1 (600511.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in CHINA NATIONAL MED ‘A’CNY1 (600511.SS)
1- Last bullish trend was from 10.98 $ (1/18/2012) to 11.65 $ (1/20/2012) a 0.67 $ move 2- The current bearish trend started from 11.65 $ at 1/20/2012 and is currently trading at 11.37 $.
3- 600511.SS current support level is at 11.31 which is the 50.00 % fibonacci retracement of the last 0.67 $ move.
4- 600511.SS current resistance level is at 11.39 which is the 38.20 % fibonacci retracement of the last 0.67 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
CHINA NATIONAL MED ‘A’CNY1 (600511.SS) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 10.980 and 10.730,resistance between 11.650 and 11.320 which was broken down at 11.340.
CHINA NATIONAL MED ‘A’CNY1 (600511.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 10.730 .
8- The Stock formed a 5.520 $ height triangle which was broken up at 11.290, target of the pattern is 16.810.
CHINA NATIONAL MED ‘A’CNY1 (600511.SS) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 16.260 and 19.060, and is currently resisting at 13.460.

Stock Trading Conclusion:
CHINA NATIONAL MED ‘A’CNY1 (600511.SS) was trading in a strong bearish 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 : 11.39, 11.44, 11.48, 11.49, 11.51, 11.54, 11.65, 11.73, 13.46, 16.81.
Stock Support levels : 11.31, 11.24, 10.98, 10.80, 10.72, 10.57,.