Today we will analyze the stock CHINA COAL ENERGY ‘A’CNY1 (601898.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in CHINA COAL ENERGY ‘A’CNY1 (601898.SS)
1- Last bearish trend was from 10.11 $ (2/24/2012) to 8.85 $ (3/29/2012) a 1.26 $ move 2- The current bullish trend started from 8.85 $ at 3/29/2012 and is currently trading at 9.67 $.
3- 601898.SS current support level is at 9.63 which is the 61.80 % fibonacci retracement of the last 1.26 $ move.
4- 601898.SS current resistance level is at 10.11 which is the 100.00 % fibonacci retracement of the last 1.26 $ move.
5- 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.
CHINA COAL ENERGY ‘A’CNY1 (601898.SS) Short term stock chart patterns for internet stock trading :

None.
CHINA COAL ENERGY ‘A’CNY1 (601898.SS) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 2.130 $ height triangle.
CHINA COAL ENERGY ‘A’CNY1 (601898.SS) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 2.130 $ height triangle.

Stock Trading Conclusion:
CHINA COAL ENERGY ‘A’CNY1 (601898.SS) was trading in a bullish wave, which is becoming stronger .
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 : 10.11, 10.45, 10.89.
Stock Support levels : 9.63, 9.48, 9.48, 9.36, 9.33, 9.26, 9.16, 9.15, 8.85,.