Today we will analyze the stock SHANGHAI DUOLUN ‘A’CNY1 (600696.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in SHANGHAI DUOLUN ‘A’CNY1 (600696.SS)
1- Last bullish trend was from 7.98 $ (4/23/2012) to 8.68 $ (4/25/2012) a 0.70 $ move 2- The current bearish trend started from 8.68 $ at 4/25/2012 and is currently trading at 7.74 $.
3- 600696.SS current support level is at 7.55 which is the 161.80 % fibonacci retracement of the last 0.70 $ move.
4- 600696.SS current resistance level is at 7.79 which is the 127.20 % fibonacci retracement of the last 0.70 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bullish Divergance in MACD Indicator .
SHANGHAI DUOLUN ‘A’CNY1 (600696.SS) Short term stock chart patterns for internet stock trading :

7- The Stock formed a 2.130 $ height triangle which was broken down at 8.190, target of the pattern is 6.060.
SHANGHAI DUOLUN ‘A’CNY1 (600696.SS) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 2.130 $ height triangle which was broken down at 8.190, target of the pattern is 6.060.
SHANGHAI DUOLUN ‘A’CNY1 (600696.SS) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 4.060 $ height triangle.

Stock Trading Conclusion:
SHANGHAI DUOLUN ‘A’CNY1 (600696.SS) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 7.79, 7.96, 7.98, 8.10, 8.11, 8.21, 8.25, 8.32, 8.33, 8.41, 8.51, 8.60, 8.68,.
Stock Support levels : 7.55, 6.06,.