Today we will analyze the stock FUJIAN DONGBAI GRP ‘A’CNY1 (600693.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in FUJIAN DONGBAI GRP ‘A’CNY1 (600693.SS)
1- Last bullish trend was from 7.63 $ (4/16/2012) to 8.10 $ (4/25/2012) a 0.47 $ move 2- The current bearish trend started from 8.10 $ at 4/25/2012 and is currently trading at 7.99 $.
3- 600693.SS current support level is at 7.99 which is the 23.60 % fibonacci retracement of the last 0.47 $ move.
4- 600693.SS current resistance level is at 8.10 which is the 0.00 % fibonacci retracement of the last 0.47 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
FUJIAN DONGBAI GRP ‘A’CNY1 (600693.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 7.630 and 7.270 that was broken down at 7.890 transforming into a resistance line.
FUJIAN DONGBAI GRP ‘A’CNY1 (600693.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 7.270 and 6.630, and is currently supporting at 7.531.
FUJIAN DONGBAI GRP ‘A’CNY1 (600693.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 3.450 $ height triangle which was broken up at 7.850, target of the pattern is 11.300.

Stock Trading Conclusion:
FUJIAN DONGBAI GRP ‘A’CNY1 (600693.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 : 8.02, 8.03, 8.05, 8.06, 8.10, 8.17, 11.30.
Stock Support levels : 7.99, 7.92, 7.87, 7.82, 7.81, 7.63, 7.53, 7.50,.