Today we will analyze the stock SHANGHAI ZHIXIN EL ‘A’CNY1 (600517.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in SHANGHAI ZHIXIN EL ‘A’CNY1 (600517.SS)
1- Last bearish trend was from 14.38 $ (4/13/2012) to 12.75 $ (4/25/2012) a 1.63 $ move 2- The current bullish trend started from 12.75 $ at 4/25/2012 and is currently trading at 13.38 $.
3- 600517.SS current support level is at 13.37 which is the 38.20 % fibonacci retracement of the last 1.63 $ move.
4- 600517.SS current resistance level is at 13.57 which is the 50.00 % fibonacci retracement of the last 1.63 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
SHANGHAI ZHIXIN EL ‘A’CNY1 (600517.SS) Short term stock chart patterns for internet stock trading :

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SHANGHAI ZHIXIN EL ‘A’CNY1 (600517.SS) Mid term stock chart patterns for internet stock trading :

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SHANGHAI ZHIXIN EL ‘A’CNY1 (600517.SS) Long term stock chart patterns for internet stock trading :

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Stock Trading Conclusion:
SHANGHAI ZHIXIN EL ‘A’CNY1 (600517.SS) was trading in a bearish 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 : 13.57, 13.76, 14.38, 14.82, 15.39, 15.94.
Stock Support levels : 13.37, 13.23, 13.14, 13.13, 13.07, 12.99, 12.75,.