Today we will analyze the stock BAIDA GROUP CO ‘A’CNY1 (600865.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in BAIDA GROUP CO ‘A’CNY1 (600865.SS)
1- Last bearish trend was from 5.01 $ (1/17/2012) to 4.85 $ (1/18/2012) a 0.16 $ move 2- The current bullish trend started from 4.85 $ at 1/18/2012 and is currently trading at 5.01 $.
3- 600865.SS current support level is at 5.01 which is the 100.00 % fibonacci retracement of the last 0.16 $ move.
4- 600865.SS current resistance level is at 5.05 which is the 127.20 % fibonacci retracement of the last 0.16 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
BAIDA GROUP CO ‘A’CNY1 (600865.SS) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.500 $ height triangle which was broken up at 4.940, target of the pattern is 5.440 which was broken down at 4.980, target of the pattern is 4.480.
BAIDA GROUP CO ‘A’CNY1 (600865.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 5.250 and 8.100 that was broken up at 4.940 transforming into a supporting line.
BAIDA GROUP CO ‘A’CNY1 (600865.SS) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 6.780 and 7.440,resistance between 8.250 and 9.200 which was broken down at 5.960 in higher than usual volume.

Stock Trading Conclusion:
BAIDA GROUP CO ‘A’CNY1 (600865.SS) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 5.05, 5.11, 5.15, 5.44, 5.79.
Stock Support levels : 4.97, 4.95, 4.93, 4.91, 4.89, 4.85, 4.59, 4.55,.