Today we will analyze the stock FUYAO GP GLASS IND ‘A’CNY1 (600660.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in FUYAO GP GLASS IND ‘A’CNY1 (600660.SS)
1- Last bearish trend was from 9.11 $ (3/9/2012) to 7.99 $ (3/29/2012) a 1.12 $ move 2- The current bullish trend started from 7.99 $ at 3/29/2012 and is currently trading at 8.82 $.
3- 600660.SS current support level is at 8.68 which is the 61.80 % fibonacci retracement of the last 1.12 $ move.
4- 600660.SS current resistance level is at 9.11 which is the 100.00 % fibonacci retracement of the last 1.12 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
FUYAO GP GLASS IND ‘A’CNY1 (600660.SS) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 7.990 .
FUYAO GP GLASS IND ‘A’CNY1 (600660.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 7.990 and 7.530, and is currently supporting at 8.132.
FUYAO GP GLASS IND ‘A’CNY1 (600660.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 3.150 $ height triangle which was broken up at 8.820 in higher than usual volume, target of the pattern is 11.970.

Stock Trading Conclusion:
FUYAO GP GLASS IND ‘A’CNY1 (600660.SS) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 9.11, 9.41, 9.80, 11.97.
Stock Support levels : 8.77, 8.68, 8.62, 8.55, 8.50, 8.42, 8.40, 8.31, 8.25, 8.13, 7.99, 7.99, 7.99,.