Today we will analyze the stock SUZHOU NEW DISTRIC ‘A’CNY1 (600736.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in SUZHOU NEW DISTRIC ‘A’CNY1 (600736.SS)
1- Last bullish trend was from 5.55 $ (4/18/2012) to 6.44 $ (4/23/2012) a 0.89 $ move 2- The current bearish trend started from 6.44 $ at 4/23/2012 and is currently trading at 6.14 $.
3- 600736.SS current support level is at 6.10 which is the 38.20 % fibonacci retracement of the last 0.89 $ move.
4- 600736.SS current resistance level is at 6.23 which is the 23.60 % fibonacci retracement of the last 0.89 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
SUZHOU NEW DISTRIC ‘A’CNY1 (600736.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 5.550 and 4.790 that was broken down at 6.040 transforming into a resistance line.
SUZHOU NEW DISTRIC ‘A’CNY1 (600736.SS) Mid term stock chart patterns for internet stock trading :

None.
SUZHOU NEW DISTRIC ‘A’CNY1 (600736.SS) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 1.950 $ height triangle which was broken up at 5.870 in higher than usual volume, target of the pattern is 7.820.

Stock Trading Conclusion:
SUZHOU NEW DISTRIC ‘A’CNY1 (600736.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 : 6.21, 6.23, 6.25, 6.29, 6.31, 6.33, 6.44, 7.82.
Stock Support levels : 6.10, 5.99, 5.89, 5.55, 5.34, 5.31,.