Today we will analyze the stock TELLHOW SCI-TECH ‘A’CNY1 (600590.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in TELLHOW SCI-TECH ‘A’CNY1 (600590.SS)
1- Last bearish trend was from 7.78 $ (4/25/2012) to 7.48 $ (4/27/2012) a 0.30 $ move 2- The current bullish trend started from 7.48 $ at 4/27/2012 and is currently trading at 7.94 $.
3- 600590.SS current support level is at 7.86 which is the 127.20 % fibonacci retracement of the last 0.30 $ move.
4- 600590.SS current resistance level is at 7.97 which is the 161.80 % fibonacci retracement of the last 0.30 $ move.
5- According to ADX Indicator, the trend is currently bullish, 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.
TELLHOW SCI-TECH ‘A’CNY1 (600590.SS) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 7.480 and 7.530,resistance between 7.780 and 7.850 which was broken up at 7.940 in higher than usual volume.
TELLHOW SCI-TECH ‘A’CNY1 (600590.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 6.850 and 6.390, and is currently supporting at 7.075.
TELLHOW SCI-TECH ‘A’CNY1 (600590.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 3.060 $ height triangle which was broken up at 7.940 in higher than usual volume, target of the pattern is 11.000.

Stock Trading Conclusion:
TELLHOW SCI-TECH ‘A’CNY1 (600590.SS) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 7.97, 11.00.
Stock Support levels : 7.86, 7.83, 7.82, 7.78, 7.76, 7.71, 7.71, 7.67, 7.66, 7.63, 7.59, 7.55, 7.48,.