Today we will analyze the stock JIANGSU XINCHENG R ‘B’CNY1 (900950.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in JIANGSU XINCHENG R ‘B’CNY1 (900950.SS)
1- Last bullish trend was from 0.52 $ (1/16/2012) to 0.59 $ (1/20/2012) a 0.07 $ move 2- The current bearish trend started from 0.59 $ at 1/20/2012 and is currently trading at 0.54 $.
3- 900950.SS current support level is at 0.52 which is the 100.00 % fibonacci retracement of the last 0.07 $ move.
4- 900950.SS current resistance level is at 0.55 which is the 61.80 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
JIANGSU XINCHENG R ‘B’CNY1 (900950.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.520 and 0.430 that was broken down at 0.540 transforming into a resistance line.
JIANGSU XINCHENG R ‘B’CNY1 (900950.SS) Mid term stock chart patterns for internet stock trading :

None.
JIANGSU XINCHENG R ‘B’CNY1 (900950.SS) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.380 and 0.440,resistance between 0.480 and 0.560 which was broken up at 0.440.

Stock Trading Conclusion:
JIANGSU XINCHENG R ‘B’CNY1 (900950.SS) was trading in a 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 : 0.547, 0.552, 0.555, 0.556, 0.559, 0.563, 0.565, 0.571, 0.573, 0.590,.
Stock Support levels : 0.520, 0.501, 0.477,.