Today we will analyze the stock SHANGHAI YA TONG ‘A’CNY1 (600692.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in SHANGHAI YA TONG ‘A’CNY1 (600692.SS)
1- Last bullish trend was from 5.29 $ (1/16/2012) to 5.63 $ (1/17/2012) a 0.34 $ move 2- The current bearish trend started from 5.63 $ at 1/17/2012 and is currently trading at 5.43 $.
3- 600692.SS current support level is at 5.42 which is the 61.80 % fibonacci retracement of the last 0.34 $ move.
4- 600692.SS current resistance level is at 5.46 which is the 50.00 % fibonacci retracement of the last 0.34 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
SHANGHAI YA TONG ‘A’CNY1 (600692.SS) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 5.630 .
8- The Stock formed a 0.690 $ height triangle which was broken down at 5.490, target of the pattern is 4.800.
SHANGHAI YA TONG ‘A’CNY1 (600692.SS) Mid term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 5.420 and 6.550 that was broken up at 5.230 transforming into a supporting line.
SHANGHAI YA TONG ‘A’CNY1 (600692.SS) Long term stock chart patterns for internet stock trading :

10- The Stock was resisted by a resistance line, identified by two points: 6.550 and 9.130 that was broken up at 5.380 transforming into a supporting line.

Stock Trading Conclusion:
SHANGHAI YA TONG ‘A’CNY1 (600692.SS) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 5.46, 5.48, 5.50, 5.51, 5.53, 5.55, 5.55, 5.63, 5.66, 5.71.
Stock Support levels : 5.42, 5.29, 5.20, 5.08, 4.93, 4.80,.