Today we will analyze the stock BEIJING C and W TECHNO ‘A’CNY1 (600658.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in BEIJING C and W TECHNO ‘A’CNY1 (600658.SS)
1- Last bullish trend was from 7.82 $ (4/17/2012) to 8.52 $ (4/27/2012) a 0.70 $ move 2- The current bearish trend started from 8.52 $ at 4/27/2012 and is currently trading at 8.12 $.
3- 600658.SS current support level is at 8.09 which is the 61.80 % fibonacci retracement of the last 0.70 $ move.
4- 600658.SS current resistance level is at 8.17 which is the 50.00 % fibonacci retracement of the last 0.70 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
BEIJING C and W TECHNO ‘A’CNY1 (600658.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 7.820 and 7.000 that was broken down at 8.170 transforming into a resistance line.
BEIJING C and W TECHNO ‘A’CNY1 (600658.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 6.980 and 6.050, and is currently supporting at 7.739.
BEIJING C and W TECHNO ‘A’CNY1 (600658.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 3.840 $ height triangle which was broken up at 7.900 in higher than usual volume, target of the pattern is 11.740.

Stock Trading Conclusion:
BEIJING C and W TECHNO ‘A’CNY1 (600658.SS) was trading in a bullish 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 : 8.17, 8.21, 8.25, 8.27, 8.32, 8.35, 8.37, 8.51, 8.52, 11.74.
Stock Support levels : 8.09, 7.82, 7.74, 7.63, 7.39, 7.31,.