Today we will analyze the stock HAITONG FOOD GROUP 'A'CNY1 (600537.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in HAITONG FOOD GROUP 'A'CNY1 (600537.SS)
1- Last bullish trend was from 11.74 $ (2/27/2014) to 12.52 $ (3/3/2014) a 0.78 $ move 2- The current bearish trend started from 12.52 $ at 3/3/2014 and is currently trading at 11.79 $.
3- 600537.SS current support level is at 11.74 which is the 100.00 % fibonacci retracement of the last 0.78 $ move.
4- 600537.SS current resistance level is at 12.04 which is the 61.80 % fibonacci retracement of the last 0.78 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
HAITONG FOOD GROUP 'A'CNY1 (600537.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 12.520 and 12.920, and is currently resisting at 12.320.
HAITONG FOOD GROUP 'A'CNY1 (600537.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 11.740 and 10.700 that was broken down at 11.790 transforming into a resistance line.
HAITONG FOOD GROUP 'A'CNY1 (600537.SS) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
HAITONG FOOD GROUP 'A'CNY1 (600537.SS) was trading in a bullish wave, which is becoming weaker .
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 : 11.96, 11.97, 12.04, 12.07, 12.13, 12.15, 12.22, 12.24, 12.32, 12.34, 12.52,.
Stock Support levels : 11.74, 11.53,.