Today we will analyze the stock UFSOFT CO ‘A’CNY1 (600588.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in UFSOFT CO ‘A’CNY1 (600588.SS)
1- Last bearish trend was from 20.59 $ (4/18/2012) to 15.80 $ (4/26/2012) a 4.79 $ move 2- The current bullish trend started from 15.80 $ at 4/26/2012 and is currently trading at 16.92 $.
3- 600588.SS current support level is at 15.80 which is the 0.00 % fibonacci retracement of the last 4.79 $ move.
4- 600588.SS current resistance level is at 16.93 which is the 23.60 % fibonacci retracement of the last 4.79 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
UFSOFT CO ‘A’CNY1 (600588.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 20.590 and 20.920, and is currently resisting at 20.447.
UFSOFT CO ‘A’CNY1 (600588.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 20.590 and 20.920, and is currently resisting at 20.447.
UFSOFT CO ‘A’CNY1 (600588.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 4.880 $ height triangle which was broken down at 16.720, target of the pattern is 11.840.

Stock Trading Conclusion:
UFSOFT CO ‘A’CNY1 (600588.SS) was trading in a strong bearish wave, which is becoming weaker .
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 : 16.93, 17.63, 18.19, 18.76, 19.83, 20.45, 20.59, 21.89, 23.55.
Stock Support levels : 16.66, 16.49, 16.36, 16.23, 15.80,.