Today we will analyze the stock LUOYANG GLASS CO ‘A’CNY1 (600876.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in LUOYANG GLASS CO ‘A’CNY1 (600876.SS)
1- Last bearish trend was from 6.49 $ (4/25/2012) to 6.24 $ (5/3/2012) a 0.25 $ move 2- The current bullish trend started from 6.24 $ at 5/3/2012 and is currently trading at 6.53 $.
3- 600876.SS current support level is at 6.49 which is the 100.00 % fibonacci retracement of the last 0.25 $ move.
4- 600876.SS current resistance level is at 6.56 which is the 127.20 % fibonacci retracement of the last 0.25 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
LUOYANG GLASS CO ‘A’CNY1 (600876.SS) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 6.240 .
7- The Stock formed a 0.550 $ height triangle which was broken up at 6.530 in higher than usual volume, target of the pattern is 7.080.
LUOYANG GLASS CO ‘A’CNY1 (600876.SS) Mid term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 5.990 and 6.760,resistance between 6.820 and 7.720 which was broken up at 6.530 in higher than usual volume.
LUOYANG GLASS CO ‘A’CNY1 (600876.SS) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 5.990 and 5.480, and is currently supporting at 6.198.

Stock Trading Conclusion:
LUOYANG GLASS CO ‘A’CNY1 (600876.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 : 6.56, 6.64, 7.08.
Stock Support levels : 6.49, 6.46, 6.42, 6.39, 6.39, 6.37, 6.36, 6.35, 6.34, 6.30, 6.24, 6.23, 6.21,.