Today we will analyze the stock BAOTOU BEIFANG CHU ‘A’CNY1 (600967.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in BAOTOU BEIFANG CHU ‘A’CNY1 (600967.SS)
1- Last bullish trend was from 15.50 $ (1/16/2012) to 16.70 $ (1/31/2012) a 1.20 $ move 2- The current bearish trend started from 16.70 $ at 1/31/2012 and is currently trading at 16.00 $.
3- 600967.SS current support level is at 15.96 which is the 61.80 % fibonacci retracement of the last 1.20 $ move.
4- 600967.SS current resistance level is at 16.10 which is the 50.00 % fibonacci retracement of the last 1.20 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
BAOTOU BEIFANG CHU ‘A’CNY1 (600967.SS) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 1.980 $ height triangle which was broken down at 16.000 in higher than usual volume, target of the pattern is 14.020.
BAOTOU BEIFANG CHU ‘A’CNY1 (600967.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 15.500 and 14.970 that was broken down at 16.000 transforming into a resistance line.
BAOTOU BEIFANG CHU ‘A’CNY1 (600967.SS) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 14.970 and 14.600, and is currently supporting at 15.074.

Stock Trading Conclusion:
BAOTOU BEIFANG CHU ‘A’CNY1 (600967.SS) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 16.10, 16.17, 16.21, 16.24, 16.27, 16.35, 16.42, 16.43, 16.70,.
Stock Support levels : 15.96, 15.50, 15.17, 15.07, 14.76,.