Today we will analyze the stock HUNAN HAILI CHEM ‘A’CNY1 (600731.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in HUNAN HAILI CHEM ‘A’CNY1 (600731.SS)
1- Last bearish trend was from 4.99 $ (1/17/2012) to 4.78 $ (1/18/2012) a 0.21 $ move 2- The current bullish trend started from 4.78 $ at 1/18/2012 and is currently trading at 4.95 $.
3- 600731.SS current support level is at 4.91 which is the 61.80 % fibonacci retracement of the last 0.21 $ move.
4- 600731.SS current resistance level is at 4.99 which is the 100.00 % fibonacci retracement of the last 0.21 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
HUNAN HAILI CHEM ‘A’CNY1 (600731.SS) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.600 $ height triangle which was broken up at 4.870, target of the pattern is 5.470 which was broken down at 4.850, target of the pattern is 4.250.
HUNAN HAILI CHEM ‘A’CNY1 (600731.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 3.080 $ height triangle which was broken up at 4.810, target of the pattern is 7.890.
HUNAN HAILI CHEM ‘A’CNY1 (600731.SS) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 5.270 and 7.700 that was broken up at 4.990 transforming into a supporting line.

Stock Trading Conclusion:
HUNAN HAILI CHEM ‘A’CNY1 (600731.SS) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 4.99, 5.00, 5.05, 5.12, 5.16, 5.47, 7.89.
Stock Support levels : 4.91, 4.91, 4.89, 4.89, 4.86, 4.86, 4.84, 4.83, 4.78, 4.60, 4.25, 4.15,.