Today we will analyze the stock HUANGSHI DONGBEI E ‘B’CNY1 (900956.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in HUANGSHI DONGBEI E ‘B’CNY1 (900956.SS)
1- Last bearish trend was from 0.69 $ (4/27/2012) to 0.66 $ (5/3/2012) a 0.03 $ move 2- The current bullish trend started from 0.66 $ at 5/3/2012 and is currently trading at 0.68 $.
3- 900956.SS current support level is at 0.68 which is the 61.80 % fibonacci retracement of the last 0.03 $ move.
4- 900956.SS current resistance level is at 0.69 which is the 100.00 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
HUANGSHI DONGBEI E ‘B’CNY1 (900956.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.660 and 0.600, and is currently supporting at 0.663.
HUANGSHI DONGBEI E ‘B’CNY1 (900956.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.600 and 0.620,resistance between 0.660 and 0.670 which was broken up at 0.630 in higher than usual volume.
HUANGSHI DONGBEI E ‘B’CNY1 (900956.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.240 $ height triangle which was broken up at 0.680 in higher than usual volume, target of the pattern is 0.920.

Stock Trading Conclusion:
HUANGSHI DONGBEI E ‘B’CNY1 (900956.SS) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 0.690, 0.698, 0.709, 0.920.
Stock Support levels : 0.679, 0.675, 0.675, 0.672, 0.671, 0.670, 0.668, 0.667, 0.663, 0.660, 0.647,.