Today we will analyze the stock CHANG CHUN EUROASI ‘A’CNY1 (600697.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in CHANG CHUN EUROASI ‘A’CNY1 (600697.SS)
1- Last bearish trend was from 24.60 $ (4/16/2012) to 23.50 $ (4/24/2012) a 1.10 $ move 2- The current bullish trend started from 23.50 $ at 4/24/2012 and is currently trading at 23.95 $.
3- 600697.SS current support level is at 23.92 which is the 38.20 % fibonacci retracement of the last 1.10 $ move.
4- 600697.SS current resistance level is at 24.05 which is the 50.00 % fibonacci retracement of the last 1.10 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
CHANG CHUN EUROASI ‘A’CNY1 (600697.SS) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 2.400 $ height triangle.
CHANG CHUN EUROASI ‘A’CNY1 (600697.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 6.750 $ height triangle which was broken down at 23.920 in higher than usual volume, target of the pattern is 17.170.
CHANG CHUN EUROASI ‘A’CNY1 (600697.SS) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 25.300 and 30.200, and is currently resisting at 24.387.

Stock Trading Conclusion:
CHANG CHUN EUROASI ‘A’CNY1 (600697.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 : 24.05, 24.06, 24.18, 24.39, 24.60, 24.90, 25.28, 25.60.
Stock Support levels : 23.92, 23.84, 23.78, 23.76, 23.73, 23.67, 23.50,.