Today we will analyze the stock TONGLING SUNTECH ‘A’CNY1 (600520.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in TONGLING SUNTECH ‘A’CNY1 (600520.SS)
1- Last bearish trend was from 11.08 $ (4/19/2012) to 9.63 $ (4/24/2012) a 1.45 $ move 2- The current bullish trend started from 9.63 $ at 4/24/2012 and is currently trading at 9.73 $.
3- 600520.SS current support level is at 9.63 which is the 0.00 % fibonacci retracement of the last 1.45 $ move.
4- 600520.SS current resistance level is at 9.97 which is the 23.60 % fibonacci retracement of the last 1.45 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
TONGLING SUNTECH ‘A’CNY1 (600520.SS) Short term stock chart patterns for internet stock trading :

None.
TONGLING SUNTECH ‘A’CNY1 (600520.SS) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 5.540 $ height triangle which was broken down at 9.630 in higher than usual volume, target of the pattern is 4.090.
TONGLING SUNTECH ‘A’CNY1 (600520.SS) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 5.540 $ height triangle which was broken down at 9.630 in higher than usual volume, target of the pattern is 4.090.

Stock Trading Conclusion:
TONGLING SUNTECH ‘A’CNY1 (600520.SS) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 9.97, 10.03, 10.18, 10.35, 10.53, 11.08, 11.47, 11.98.
Stock Support levels : 9.71, 9.69, 9.68, 9.67, 9.63, 4.09,.