Today we will analyze the stock JINGNENG PROPERTY ‘A’CNY1 (600791.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in JINGNENG PROPERTY ‘A’CNY1 (600791.SS)
1- Last bullish trend was from 4.57 $ (3/30/2012) to 5.29 $ (4/25/2012) a 0.72 $ move 2- The current bearish trend started from 5.29 $ at 4/25/2012 and is currently trading at 5.11 $.
3- 600791.SS current support level is at 5.01 which is the 38.20 % fibonacci retracement of the last 0.72 $ move.
4- 600791.SS current resistance level is at 5.12 which is the 23.60 % fibonacci retracement of the last 0.72 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
JINGNENG PROPERTY ‘A’CNY1 (600791.SS) Short term stock chart patterns for internet stock trading :

None.
JINGNENG PROPERTY ‘A’CNY1 (600791.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 4.570 and 4.470, and is currently supporting at 4.606.
JINGNENG PROPERTY ‘A’CNY1 (600791.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.950 $ height triangle.

Stock Trading Conclusion:
JINGNENG PROPERTY ‘A’CNY1 (600791.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 : 5.12, 5.15, 5.18, 5.20, 5.22, 5.29,.
Stock Support levels : 5.01, 4.93, 4.85, 4.61, 4.57, 4.37,.