Today we will analyze the stock CHINA NATIONAL SOF ‘A’CNY1 (600536.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in CHINA NATIONAL SOF ‘A’CNY1 (600536.SS)
1- Last bearish trend was from 16.97 $ (1/17/2012) to 15.82 $ (2/1/2012) a 1.15 $ move 2- The current bullish trend started from 15.82 $ at 2/1/2012 and is currently trading at 16.47 $.
3- 600536.SS current support level is at 16.40 which is the 50.00 % fibonacci retracement of the last 1.15 $ move.
4- 600536.SS current resistance level is at 16.53 which is the 61.80 % fibonacci retracement of the last 1.15 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CHINA NATIONAL SOF ‘A’CNY1 (600536.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 16.970 and 17.380 that was broken up at 16.470 transforming into a supporting line.
CHINA NATIONAL SOF ‘A’CNY1 (600536.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 3.040 $ height triangle which was broken up at 16.470 in higher than usual volume, target of the pattern is 19.510 which was broken down at 16.300 in higher than usual volume, target of the pattern is 13.260.
CHINA NATIONAL SOF ‘A’CNY1 (600536.SS) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
CHINA NATIONAL SOF ‘A’CNY1 (600536.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 : 16.53, 16.97, 17.28, 17.68, 17.77, 19.51.
Stock Support levels : 16.40, 16.32, 16.26, 16.25, 16.22, 16.15, 16.09, 16.07, 15.82, 14.32,.