Today we will analyze the stock I/MONGOLIA MENGDIA ‘A’CNY1 (600863.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in I/MONGOLIA MENGDIA ‘A’CNY1 (600863.SS)
1- Last bearish trend was from 8.47 $ (12/23/2011) to 8.14 $ (12/29/2011) a 0.33 $ move 2- The current bullish trend started from 8.14 $ at 12/29/2011 and is currently trading at 8.52 $.
3- 600863.SS current support level is at 8.47 which is the 100.00 % fibonacci retracement of the last 0.33 $ move.
4- 600863.SS current resistance level is at 8.56 which is the 127.20 % fibonacci retracement of the last 0.33 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
I/MONGOLIA MENGDIA ‘A’CNY1 (600863.SS) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 1.030 $ height triangle which was broken up at 8.270 in higher than usual volume, target of the pattern is 9.300.
I/MONGOLIA MENGDIA ‘A’CNY1 (600863.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 8.070 and 7.530, and is currently supporting at 8.407.
I/MONGOLIA MENGDIA ‘A’CNY1 (600863.SS) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
I/MONGOLIA MENGDIA ‘A’CNY1 (600863.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 : 8.56, 8.67, 9.30.
Stock Support levels : 8.47, 8.43, 8.41, 8.37, 8.34, 8.33, 8.31, 8.29, 8.27, 8.22, 8.14,.