Today we will analyze the stock TONGHUA DONGBA0 ‘A’CNY1 (600867.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in TONGHUA DONGBA0 ‘A’CNY1 (600867.SS)
1- Last bearish trend was from 8.42 $ (4/19/2012) to 7.96 $ (4/27/2012) a 0.46 $ move 2- The current bullish trend started from 7.96 $ at 4/27/2012 and is currently trading at 8.25 $.
3- 600867.SS current support level is at 8.24 which is the 61.80 % fibonacci retracement of the last 0.46 $ move.
4- 600867.SS current resistance level is at 8.42 which is the 100.00 % fibonacci retracement of the last 0.46 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
TONGHUA DONGBA0 ‘A’CNY1 (600867.SS) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.950 $ height triangle.
TONGHUA DONGBA0 ‘A’CNY1 (600867.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 7.750 and 7.470, and is currently supporting at 7.864.
TONGHUA DONGBA0 ‘A’CNY1 (600867.SS) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 8.910 and 10.210 that was broken up at 8.130 transforming into a supporting line.

Stock Trading Conclusion:
TONGHUA DONGBA0 ‘A’CNY1 (600867.SS) was trading in a bearish 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 : 8.42, 8.55, 8.70.
Stock Support levels : 8.24, 8.19, 8.18, 8.14, 8.14, 8.10, 8.08, 8.07, 8.07, 7.96,.