Today we will analyze the stock GUANGDONG YIHUA TI ‘A’CNY1 (600978.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in GUANGDONG YIHUA TI ‘A’CNY1 (600978.SS)
1- Last bearish trend was from 3.80 $ (1/10/2012) to 3.54 $ (1/16/2012) a 0.26 $ move 2- The current bullish trend started from 3.54 $ at 1/16/2012 and is currently trading at 3.81 $.
3- 600978.SS current support level is at 3.80 which is the 100.00 % fibonacci retracement of the last 0.26 $ move.
4- 600978.SS current resistance level is at 3.87 which is the 127.20 % fibonacci retracement of the last 0.26 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
GUANGDONG YIHUA TI ‘A’CNY1 (600978.SS) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 3.540 and 3.490, and is currently supporting at 3.597.
GUANGDONG YIHUA TI ‘A’CNY1 (600978.SS) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 1.530 $ height triangle which was broken up at 3.740 in higher than usual volume, target of the pattern is 5.270.
GUANGDONG YIHUA TI ‘A’CNY1 (600978.SS) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 5.720 and 6.070, and is currently resisting at 4.463.

Stock Trading Conclusion:
GUANGDONG YIHUA TI ‘A’CNY1 (600978.SS) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 3.87, 3.96, 4.46, 5.27.
Stock Support levels : 3.80, 3.75, 3.71, 3.70, 3.67, 3.67, 3.64, 3.64, 3.60, 3.60, 3.54,.