Today we will analyze the stock SDIC XINJI ENERGY ‘A’CNY1 (601918.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in SDIC XINJI ENERGY ‘A’CNY1 (601918.SS)
1- Last bullish trend was from 11.01 $ (1/16/2012) to 11.97 $ (1/19/2012) a 0.96 $ move 2- The current bearish trend started from 11.97 $ at 1/19/2012 and is currently trading at 11.64 $.
3- 601918.SS current support level is at 11.60 which is the 38.20 % fibonacci retracement of the last 0.96 $ move.
4- 601918.SS current resistance level is at 11.74 which is the 23.60 % fibonacci retracement of the last 0.96 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
SDIC XINJI ENERGY ‘A’CNY1 (601918.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 11.010 and 10.600, and is currently supporting at 11.479.
SDIC XINJI ENERGY ‘A’CNY1 (601918.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 3.170 $ height triangle which was broken up at 11.970 in higher than usual volume, target of the pattern is 15.140.
SDIC XINJI ENERGY ‘A’CNY1 (601918.SS) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
SDIC XINJI ENERGY ‘A’CNY1 (601918.SS) was trading in a bullish wave, which is becoming weaker .
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 : 11.72, 11.74, 11.77, 11.81, 11.84, 11.97, 15.14.
Stock Support levels : 11.60, 11.49, 11.48, 11.38, 11.24, 11.01, 10.75,.