Today we will analyze the stock S/JIAO DA NAN YANG ‘A’CNY1 (600661.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in S/JIAO DA NAN YANG ‘A’CNY1 (600661.SS)
1- Last bullish trend was from 7.13 $ (4/17/2012) to 7.76 $ (4/25/2012) a 0.63 $ move 2- The current bearish trend started from 7.76 $ at 4/25/2012 and is currently trading at 7.11 $.
3- 600661.SS current support level is at 6.96 which is the 127.20 % fibonacci retracement of the last 0.63 $ move.
4- 600661.SS current resistance level is at 7.13 which is the 100.00 % fibonacci retracement of the last 0.63 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
S/JIAO DA NAN YANG ‘A’CNY1 (600661.SS) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 7.130 and 6.550,resistance between 7.760 and 7.380 which was broken down at 7.570.
S/JIAO DA NAN YANG ‘A’CNY1 (600661.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 7.760 and 7.970, and is currently resisting at 7.716.
S/JIAO DA NAN YANG ‘A’CNY1 (600661.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 2.220 $ height triangle.

Stock Trading Conclusion:
S/JIAO DA NAN YANG ‘A’CNY1 (600661.SS) was trading in a bearish wave, which is becoming weaker .
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 : 7.13, 7.26, 7.36, 7.37, 7.44, 7.45, 7.51, 7.52, 7.61, 7.72, 7.76, 7.84.
Stock Support levels : 6.96,.