Today we will analyze the stock NANJING CHIXIA DEV ‘A’CNY1 (600533.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in NANJING CHIXIA DEV ‘A’CNY1 (600533.SS)
1- Last bearish trend was from 3.33 $ (1/10/2012) to 3.11 $ (1/16/2012) a 0.22 $ move 2- The current bullish trend started from 3.11 $ at 1/16/2012 and is currently trading at 3.29 $.
3- 600533.SS current support level is at 3.25 which is the 61.80 % fibonacci retracement of the last 0.22 $ move.
4- 600533.SS current resistance level is at 3.33 which is the 100.00 % fibonacci retracement of the last 0.22 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
NANJING CHIXIA DEV ‘A’CNY1 (600533.SS) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 3.110 .
7- The Stock formed a 0.920 $ height triangle which was broken up at 3.250 in higher than usual volume, target of the pattern is 4.170.
NANJING CHIXIA DEV ‘A’CNY1 (600533.SS) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 3.110 .
9- The Stock formed a 0.920 $ height triangle which was broken up at 3.250 in higher than usual volume, target of the pattern is 4.170.
NANJING CHIXIA DEV ‘A’CNY1 (600533.SS) Long term stock chart patterns for internet stock trading :

10- The Stock was resisted by a resistance line, identified by two points: 4.030 and 5.300 that was broken up at 3.250 transforming into a supporting line.

Stock Trading Conclusion:
NANJING CHIXIA DEV ‘A’CNY1 (600533.SS) was trading in a bullish 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 : 3.33, 3.39, 3.47, 3.95, 4.17,.
Stock Support levels : 3.25, 3.25, 3.22, 3.22, 3.20, 3.19, 3.18, 3.16, 3.16, 3.11,.