Today we will analyze the stock HUNAN CHENDIAN INT ‘A’CNY1 (600969.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in HUNAN CHENDIAN INT ‘A’CNY1 (600969.SS)
1- Last bearish trend was from 15.19 $ (4/20/2012) to 14.51 $ (4/26/2012) a 0.68 $ move 2- The current bullish trend started from 14.51 $ at 4/26/2012 and is currently trading at 15.03 $.
3- 600969.SS current support level is at 14.93 which is the 61.80 % fibonacci retracement of the last 0.68 $ move.
4- 600969.SS current resistance level is at 15.19 which is the 100.00 % fibonacci retracement of the last 0.68 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
HUNAN CHENDIAN INT ‘A’CNY1 (600969.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 14.510 and 14.350, and is currently supporting at 14.590.
HUNAN CHENDIAN INT ‘A’CNY1 (600969.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 16.630 and 17.990, and is currently resisting at 15.703.
HUNAN CHENDIAN INT ‘A’CNY1 (600969.SS) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 16.630 and 17.990, and is currently resisting at 15.703.

Stock Trading Conclusion:
HUNAN CHENDIAN INT ‘A’CNY1 (600969.SS) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 15.19, 15.37, 15.61, 15.70,.
Stock Support levels : 14.93, 14.91, 14.85, 14.83, 14.77, 14.77, 14.71, 14.67, 14.59, 14.51,.