Today we will analyze the stock ANHUI HENGYUAN COA ‘A’CNY1 (600971.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in ANHUI HENGYUAN COA ‘A’CNY1 (600971.SS)
1- Last bearish trend was from 15.92 $ (4/16/2012) to 15.38 $ (4/17/2012) a 0.54 $ move 2- The current bullish trend started from 15.38 $ at 4/17/2012 and is currently trading at 17.98 $.
3- According to ADX Indicator, the trend is currently 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.
ANHUI HENGYUAN COA ‘A’CNY1 (600971.SS) Short term stock chart patterns for internet stock trading :

4- The Stock traded in a bullish stock channel identifed by support at 15.380 and 14.770,resistance between 15.920 and 15.230 which was broken up at 17.730 in higher than usual volume.
ANHUI HENGYUAN COA ‘A’CNY1 (600971.SS) Mid term stock chart patterns for internet stock trading :

None.
ANHUI HENGYUAN COA ‘A’CNY1 (600971.SS) Long term stock chart patterns for internet stock trading :

5- The Stock formed a 6.590 $ height triangle which was broken up at 17.980, target of the pattern is 24.570.

Stock Trading Conclusion:
ANHUI HENGYUAN COA ‘A’CNY1 (600971.SS) was trading in a 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 : 24.57.
Stock Support levels : 17.94, 17.37, 17.10, 16.99, 16.68, 16.37,.