Today we will analyze the stock ANHUI CONCH CEMENT ‘A’CNY1 (600585.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in ANHUI CONCH CEMENT ‘A’CNY1 (600585.SS)
1- Last bullish trend was from 15.27 $ (1/16/2012) to 17.79 $ (1/20/2012) a 2.52 $ move 2- The current bearish trend started from 17.79 $ at 1/20/2012 and is currently trading at 16.91 $.
3- 600585.SS current support level is at 16.83 which is the 38.20 % fibonacci retracement of the last 2.52 $ move.
4- 600585.SS current resistance level is at 17.20 which is the 23.60 % fibonacci retracement of the last 2.52 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ANHUI CONCH CEMENT ‘A’CNY1 (600585.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 15.270 and 14.730, and is currently supporting at 15.990.
ANHUI CONCH CEMENT ‘A’CNY1 (600585.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 15.270 and 14.730, and is currently supporting at 15.990.
ANHUI CONCH CEMENT ‘A’CNY1 (600585.SS) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 20.450 and 28.730 that was broken up at 15.400 transforming into a supporting line.

Stock Trading Conclusion:
ANHUI CONCH CEMENT ‘A’CNY1 (600585.SS) was trading in a bullish 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 : 17.12, 17.20, 17.25, 17.35, 17.45, 17.79,.
Stock Support levels : 16.83, 16.53, 16.23, 15.99, 15.27, 14.58, 13.71,.