Today we will analyze the stock DASHANG GROUP LTD ‘A’CNY1 (600694.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in DASHANG GROUP LTD ‘A’CNY1 (600694.SS)
1- Last bearish trend was from 38.56 $ (4/26/2012) to 35.90 $ (5/3/2012) a 2.66 $ move 2- The current bullish trend started from 35.90 $ at 5/3/2012 and is currently trading at 37.10 $.
3- 600694.SS current support level is at 36.92 which is the 38.20 % fibonacci retracement of the last 2.66 $ move.
4- 600694.SS current resistance level is at 37.23 which is the 50.00 % fibonacci retracement of the last 2.66 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
DASHANG GROUP LTD ‘A’CNY1 (600694.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 35.900 and 27.560, and is currently supporting at 36.279.
DASHANG GROUP LTD ‘A’CNY1 (600694.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 27.560 and 25.640, and is currently supporting at 28.480.
DASHANG GROUP LTD ‘A’CNY1 (600694.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 17.760 $ height triangle which was broken up at 30.340 in higher than usual volume, target of the pattern is 48.100.

Stock Trading Conclusion:
DASHANG GROUP LTD ‘A’CNY1 (600694.SS) was trading in a strong 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 : 37.23, 37.54, 38.56, 39.28, 40.20, 48.10.
Stock Support levels : 36.92, 36.82, 36.64, 36.53, 36.50, 36.36, 36.28, 35.90, 28.48,.