Today we will analyze the stock QINGDAO YELLOW SEA ‘A’CNY1 (600579.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in QINGDAO YELLOW SEA ‘A’CNY1 (600579.SS)
1- Last bullish trend was from 4.27 $ (3/29/2012) to 4.84 $ (4/20/2012) a 0.57 $ move 2- The current bearish trend started from 4.84 $ at 4/20/2012 and is currently trading at 3.84 $.
3- According to ADX Indicator, the trend is currently strong 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.
QINGDAO YELLOW SEA ‘A’CNY1 (600579.SS) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Top Pattern at 4.840 .
QINGDAO YELLOW SEA ‘A’CNY1 (600579.SS) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Top Pattern at 4.840 .
QINGDAO YELLOW SEA ‘A’CNY1 (600579.SS) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 1.840 $ height triangle which was broken down at 4.260 in higher than usual volume, target of the pattern is 2.420.

Stock Trading Conclusion:
QINGDAO YELLOW SEA ‘A’CNY1 (600579.SS) was trading in a strong 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 : 4.08, 4.22, 4.34, 4.38, 4.46, 4.84, 4.85,.
Stock Support levels : 2.42.