Today we will analyze the stock BEIJING TIANQIAO ‘A’CNY1 (600657.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in BEIJING TIANQIAO ‘A’CNY1 (600657.SS)
1- Last bullish trend was from 4.50 $ (4/17/2012) to 5.11 $ (4/26/2012) a 0.61 $ move 2- The current bearish trend started from 5.11 $ at 4/26/2012 and is currently trading at 4.88 $.
3- 600657.SS current support level is at 4.88 which is the 38.20 % fibonacci retracement of the last 0.61 $ move.
4- 600657.SS current resistance level is at 4.97 which is the 23.60 % fibonacci retracement of the last 0.61 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
BEIJING TIANQIAO ‘A’CNY1 (600657.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 4.500 and 4.110 that was broken down at 4.850 transforming into a resistance line.
BEIJING TIANQIAO ‘A’CNY1 (600657.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 1.430 $ height triangle which was broken up at 4.880, target of the pattern is 6.310.
BEIJING TIANQIAO ‘A’CNY1 (600657.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1.430 $ height triangle which was broken up at 4.880, target of the pattern is 6.310.

Stock Trading Conclusion:
BEIJING TIANQIAO ‘A’CNY1 (600657.SS) was trading in a 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 : 4.93, 4.93, 4.97, 4.97, 4.99, 5.02, 5.11, 6.31,.
Stock Support levels : 4.88, 4.86, 4.81, 4.73, 4.50, 4.33,.