Today we will analyze the stock PETROCHINA CO ‘A’CNY1 (601857.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in PETROCHINA CO ‘A’CNY1 (601857.SS)
1- Last bearish trend was from 10.19 $ (11/14/2011) to 9.46 $ (11/30/2011) a 0.73 $ move 2- The current bullish trend started from 9.46 $ at 11/30/2011 and is currently trading at 10.22 $.
3- 601857.SS current support level is at 10.19 which is the 100.00 % fibonacci retracement of the last 0.73 $ move.
4- 601857.SS current resistance level is at 10.39 which is the 127.20 % fibonacci retracement of the last 0.73 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
PETROCHINA CO ‘A’CNY1 (601857.SS) Short term stock chart patterns for internet stock trading :

None.
PETROCHINA CO ‘A’CNY1 (601857.SS) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 9.460 .
7- The Stock formed a 2.700 $ height triangle which was broken up at 9.780, target of the pattern is 12.480.
PETROCHINA CO ‘A’CNY1 (601857.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 2.820 $ height triangle which was broken down at 11.400, target of the pattern is 8.580.

Stock Trading Conclusion:
PETROCHINA CO ‘A’CNY1 (601857.SS) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 10.39, 10.64, 12.48, 18.36.
Stock Support levels : 10.19, 10.04, 9.93, 9.91, 9.84, 9.82, 9.75, 9.74, 9.63, 9.50, 9.46, 9.45,.