Today we will analyze the stock BEIHAI GOFAR MARIN ‘A’CNY1 (600538.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in BEIHAI GOFAR MARIN ‘A’CNY1 (600538.SS)
1- Last bullish trend was from 6.01 $ (3/29/2012) to 6.73 $ (4/20/2012) a 0.72 $ move 2- The current bearish trend started from 6.73 $ at 4/20/2012 and is currently trading at 5.41 $.
3- 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.
BEIHAI GOFAR MARIN ‘A’CNY1 (600538.SS) Short term stock chart patterns for internet stock trading :

None.
BEIHAI GOFAR MARIN ‘A’CNY1 (600538.SS) Mid term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 6.010 and 4.770 that was broken down at 6.140 transforming into a resistance line.
BEIHAI GOFAR MARIN ‘A’CNY1 (600538.SS) Long term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 6.730 and 7.550, and is currently resisting at 6.661.

Stock Trading Conclusion:
BEIHAI GOFAR MARIN ‘A’CNY1 (600538.SS) was trading in a 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 : 5.72, 5.91, 6.07, 6.23, 6.60, 6.66, 6.73.
Stock Support levels :.