Today we will analyze the stock GUANGXI BEISHENG P ‘A’CNY1 (600556.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in GUANGXI BEISHENG P ‘A’CNY1 (600556.SS)
1- Last bearish trend was from 4.69 $ (4/20/2009) to 3.93 $ (4/28/2009) a 0.76 $ move 2- The current bullish trend started from 3.93 $ at 4/28/2009 and is currently trading at 4.09 $.
3- 600556.SS current support level is at 3.93 which is the 0.00 % fibonacci retracement of the last 0.76 $ move.
4- 600556.SS current resistance level is at 4.11 which is the 23.60 % fibonacci retracement of the last 0.76 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
GUANGXI BEISHENG P ‘A’CNY1 (600556.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 4.690 and 4.810, and is currently resisting at 4.614.
GUANGXI BEISHENG P ‘A’CNY1 (600556.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 1.610 $ height triangle which was broken down at 4.460, target of the pattern is 2.850.
GUANGXI BEISHENG P ‘A’CNY1 (600556.SS) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 3.200 and 1.460,resistance between 4.810 and 3.770 which was broken down at 4.490 in higher than usual volume.

Stock Trading Conclusion:
GUANGXI BEISHENG P ‘A’CNY1 (600556.SS) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 4.11, 4.22, 4.31, 4.40, 4.61, 4.69, 4.69, 4.90, 5.16, 5.16.
Stock Support levels : 4.05, 4.03, 4.01, 3.99, 3.93,.