Today we will analyze the stock DONGFANG ELECT COR ‘A’CNY1 (600875.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in DONGFANG ELECT COR ‘A’CNY1 (600875.SS)
1- Last bearish trend was from 23.47 $ (1/10/2012) to 21.69 $ (1/16/2012) a 1.78 $ move 2- The current bullish trend started from 21.69 $ at 1/16/2012 and is currently trading at 24.01 $.
3- 600875.SS current support level is at 23.95 which is the 127.20 % fibonacci retracement of the last 1.78 $ move.
4- 600875.SS current resistance level is at 24.57 which is the 161.80 % fibonacci retracement of the last 1.78 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
DONGFANG ELECT COR ‘A’CNY1 (600875.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 21.690 and 21.350, and is currently supporting at 22.079.
DONGFANG ELECT COR ‘A’CNY1 (600875.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 4.830 $ height triangle which was broken up at 23.210 in higher than usual volume, target of the pattern is 28.040.
DONGFANG ELECT COR ‘A’CNY1 (600875.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 21.350 .
9- The Stock formed a 5.300 $ height triangle.

Stock Trading Conclusion:
DONGFANG ELECT COR ‘A’CNY1 (600875.SS) was trading in a bullish wave, which is becoming stronger .
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 : 24.57, 28.04.
Stock Support levels : 23.95, 23.47, 23.46, 23.12, 22.85, 22.79, 22.61, 22.58, 22.58, 22.37, 22.11, 22.08, 21.69,.