Today we will analyze the stock CHINA CONST BK ‘A’CNY1 (601939.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in CHINA CONST BK ‘A’CNY1 (601939.SS)
1- Last bullish trend was from 4.50 $ (12/29/2011) to 4.93 $ (2/9/2012) a 0.43 $ move 2- The current bearish trend started from 4.93 $ at 2/9/2012 and is currently trading at 4.76 $.
3- 601939.SS current support level is at 4.72 which is the 50.00 % fibonacci retracement of the last 0.43 $ move.
4- 601939.SS current resistance level is at 4.77 which is the 38.20 % fibonacci retracement of the last 0.43 $ 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.
6- Bearish Divergance in MACD Indicator .
CHINA CONST BK ‘A’CNY1 (601939.SS) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 4.500 and 4.350, and is currently supporting at 4.694.
CHINA CONST BK ‘A’CNY1 (601939.SS) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 0.980 $ height triangle which was broken up at 4.770, target of the pattern is 5.750.
CHINA CONST BK ‘A’CNY1 (601939.SS) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Top Pattern at 5.330 .

Stock Trading Conclusion:
CHINA CONST BK ‘A’CNY1 (601939.SS) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 4.77, 4.80, 4.82, 4.83, 4.85, 4.87, 4.93, 5.31, 5.75.
Stock Support levels : 4.72, 4.69, 4.66, 4.52, 4.50, 4.38,.