Today we will analyze the stock SHENYANG JINBEI AU 'A'CNY1 (600609.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in SHENYANG JINBEI AU 'A'CNY1 (600609.SS)
1- Last bullish trend was from 2.91 $ (2/25/2014) to 3.04 $ (3/4/2014) a 0.13 $ move 2- The current bearish trend started from 3.04 $ at 3/4/2014 and is currently trading at 2.85 $.
3- 600609.SS current support level is at 2.83 which is the 161.80 % fibonacci retracement of the last 0.13 $ move.
4- 600609.SS current resistance level is at 2.87 which is the 127.20 % fibonacci retracement of the last 0.13 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
SHENYANG JINBEI AU 'A'CNY1 (600609.SS) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.340 $ height triangle which was broken down at 2.850 in higher than usual volume, target of the pattern is 2.510.
SHENYANG JINBEI AU 'A'CNY1 (600609.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 3.150 and 3.240, and is currently resisting at 3.128.
SHENYANG JINBEI AU 'A'CNY1 (600609.SS) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 3.150 and 3.590, and is currently resisting at 3.104.

Stock Trading Conclusion:
SHENYANG JINBEI AU 'A'CNY1 (600609.SS) was trading in a strong bullish 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 : 2.87, 2.89, 2.91, 2.92, 2.94, 2.96, 2.97, 2.97, 2.98, 2.99, 3.01, 3.04, 3.10, 3.13.
Stock Support levels : 2.83,.