Today we will analyze the stock CHINA HIGH-TECH GP ‘A’CNY1 (600730.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in CHINA HIGH-TECH GP ‘A’CNY1 (600730.SS)
1- Last bullish trend was from 5.64 $ (3/29/2012) to 6.94 $ (4/25/2012) a 1.30 $ move 2- The current bearish trend started from 6.94 $ at 4/25/2012 and is currently trading at 6.45 $.
3- 600730.SS current support level is at 6.44 which is the 38.20 % fibonacci retracement of the last 1.30 $ move.
4- 600730.SS current resistance level is at 6.63 which is the 23.60 % fibonacci retracement of the last 1.30 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
CHINA HIGH-TECH GP ‘A’CNY1 (600730.SS) Short term stock chart patterns for internet stock trading :

None.
CHINA HIGH-TECH GP ‘A’CNY1 (600730.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 2.270 $ height triangle.
CHINA HIGH-TECH GP ‘A’CNY1 (600730.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 3.790 $ height triangle which was broken up at 6.070, target of the pattern is 9.860.

Stock Trading Conclusion:
CHINA HIGH-TECH GP ‘A’CNY1 (600730.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 : 6.57, 6.63, 6.64, 6.69, 6.75, 6.94, 9.86.
Stock Support levels : 6.44, 6.29, 6.14, 5.64, 5.56, 5.29,.