Today we will analyze the stock TAIYUAN LION-HEAD ‘A’CNY1 (600539.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in TAIYUAN LION-HEAD ‘A’CNY1 (600539.SS)
1- Last bearish trend was from 5.30 $ (4/23/2012) to 4.91 $ (5/2/2012) a 0.39 $ move 2- The current bullish trend started from 4.91 $ at 5/2/2012 and is currently trading at 5.11 $.
3- 600539.SS current support level is at 5.11 which is the 50.00 % fibonacci retracement of the last 0.39 $ move.
4- 600539.SS current resistance level is at 5.15 which is the 61.80 % fibonacci retracement of the last 0.39 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
TAIYUAN LION-HEAD ‘A’CNY1 (600539.SS) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 1.090 $ height triangle.
TAIYUAN LION-HEAD ‘A’CNY1 (600539.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 1.440 $ height triangle.
TAIYUAN LION-HEAD ‘A’CNY1 (600539.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 3.050 $ height triangle which was broken up at 5.080 in higher than usual volume, target of the pattern is 8.130.

Stock Trading Conclusion:
TAIYUAN LION-HEAD ‘A’CNY1 (600539.SS) was trading in a bearish 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 : 5.15, 5.30, 5.41, 5.54, 8.13.
Stock Support levels : 5.11, 5.06, 5.06, 5.03, 5.01, 5.00, 4.99, 4.91,.