Today we will analyze the stock SUNSHINE and PEOPLE P ‘A’CNY1 (600869.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in SUNSHINE and PEOPLE P ‘A’CNY1 (600869.SS)
1- Last bearish trend was from 23.25 $ (4/24/2012) to 21.60 $ (4/27/2012) a 1.65 $ move 2- The current bullish trend started from 21.60 $ at 4/27/2012 and is currently trading at 23.19 $.
3- 600869.SS current support level is at 22.62 which is the 61.80 % fibonacci retracement of the last 1.65 $ move.
4- 600869.SS current resistance level is at 23.25 which is the 100.00 % fibonacci retracement of the last 1.65 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SUNSHINE and PEOPLE P ‘A’CNY1 (600869.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 21.600 and 17.550, and is currently supporting at 22.275.
SUNSHINE and PEOPLE P ‘A’CNY1 (600869.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 21.600 and 17.550, and is currently supporting at 22.275.
SUNSHINE and PEOPLE P ‘A’CNY1 (600869.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 12.070 $ height triangle which was broken up at 20.670 in higher than usual volume, target of the pattern is 32.740.

Stock Trading Conclusion:
SUNSHINE and PEOPLE P ‘A’CNY1 (600869.SS) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 23.25, 23.70, 24.27, 32.74.
Stock Support levels : 22.81, 22.62, 22.58, 22.42, 22.40, 22.28, 22.23, 22.21, 21.99, 21.60,.