Today we will analyze the stock DAZHONG TRANS ‘A’CNY1 (600611.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in DAZHONG TRANS ‘A’CNY1 (600611.SS)
1- Last bearish trend was from 5.14 $ (1/11/2012) to 4.86 $ (1/16/2012) a 0.28 $ move 2- The current bullish trend started from 4.86 $ at 1/16/2012 and is currently trading at 5.12 $.
3- 600611.SS current support level is at 5.03 which is the 61.80 % fibonacci retracement of the last 0.28 $ move.
4- 600611.SS current resistance level is at 5.14 which is the 100.00 % fibonacci retracement of the last 0.28 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
DAZHONG TRANS ‘A’CNY1 (600611.SS) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 2.180 $ height triangle which was broken up at 5.120, target of the pattern is 7.300.
DAZHONG TRANS ‘A’CNY1 (600611.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 6.970 and 7.120, and is currently resisting at 6.832.
DAZHONG TRANS ‘A’CNY1 (600611.SS) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 5.520 and 7.170,resistance between 6.970 and 8.450, the stock channel is currently supported from below by 4.791 and resisted from above by 6.333.

Stock Trading Conclusion:
DAZHONG TRANS ‘A’CNY1 (600611.SS) was trading in a strong bearish 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 : 5.14, 5.22, 5.31, 6.83, 7.30.
Stock Support levels : 5.06, 5.03, 5.02, 5.00, 4.99, 4.97, 4.96, 4.93, 4.86,.