Today we will analyze the stock DONGGUAN FANGDA RE ‘A’CNY1 (600656.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in DONGGUAN FANGDA RE ‘A’CNY1 (600656.SS)
1- Last bearish trend was from 5.94 $ (4/20/2012) to 4.65 $ (5/3/2012) a 1.29 $ move 2- The current bullish trend started from 4.65 $ at 5/3/2012 and is currently trading at 4.85 $.
3- 600656.SS current support level is at 4.65 which is the 0.00 % fibonacci retracement of the last 1.29 $ move.
4- 600656.SS current resistance level is at 4.95 which is the 23.60 % fibonacci retracement of the last 1.29 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
DONGGUAN FANGDA RE ‘A’CNY1 (600656.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 5.940 and 6.640, and is currently resisting at 5.733.
DONGGUAN FANGDA RE ‘A’CNY1 (600656.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 5.940 and 6.640, and is currently resisting at 5.733.
DONGGUAN FANGDA RE ‘A’CNY1 (600656.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 2.670 $ height triangle which was broken down at 4.900 in higher than usual volume, target of the pattern is 2.230.

Stock Trading Conclusion:
DONGGUAN FANGDA RE ‘A’CNY1 (600656.SS) was trading in a bearish wave, which is becoming stronger .
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 : 4.95, 5.12, 5.14, 5.30, 5.45, 5.73, 5.94, 6.29, 6.74.
Stock Support levels : 4.80, 4.77, 4.75, 4.73, 4.65,.