Today we will analyze the stock HUNAN NEW WELLFUL ‘A’CNY1 (600975.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in HUNAN NEW WELLFUL ‘A’CNY1 (600975.SS)
1- Last bearish trend was from 10.18 $ (4/25/2012) to 9.56 $ (4/27/2012) a 0.62 $ move 2- The current bullish trend started from 9.56 $ at 4/27/2012 and is currently trading at 9.97 $.
3- 600975.SS current support level is at 9.94 which is the 61.80 % fibonacci retracement of the last 0.62 $ move.
4- 600975.SS current resistance level is at 10.18 which is the 100.00 % fibonacci retracement of the last 0.62 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
HUNAN NEW WELLFUL ‘A’CNY1 (600975.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 9.560 and 9.470, and is currently supporting at 9.594.
HUNAN NEW WELLFUL ‘A’CNY1 (600975.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 10.180 .
8- The Stock formed a 2.290 $ height triangle.
HUNAN NEW WELLFUL ‘A’CNY1 (600975.SS) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 3.340 $ height triangle which was broken up at 9.760, target of the pattern is 13.100.

Stock Trading Conclusion:
HUNAN NEW WELLFUL ‘A’CNY1 (600975.SS) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 10.18, 10.19, 10.35, 10.56, 13.10.
Stock Support levels : 9.94, 9.87, 9.87, 9.81, 9.80, 9.77, 9.72, 9.71, 9.70, 9.59, 9.56,.