Today we will analyze the stock SPG (000029.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in SPG (000029.SZ)
1- Last bullish trend was from 4.07 $ (4/23/2012) to 4.40 $ (4/25/2012) a 0.33 $ move 2- The current bearish trend started from 4.40 $ at 4/25/2012 and is currently trading at 4.19 $.
3- 000029.SZ current support level is at 4.07 which is the 100.00 % fibonacci retracement of the last 0.33 $ move.
4- 000029.SZ current resistance level is at 4.20 which is the 61.80 % fibonacci retracement of the last 0.33 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SPG (000029.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.960 $ height triangle which was broken down at 4.240, target of the pattern is 3.280.
SPG (000029.SZ) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 4.070 and 3.540 that was broken down at 4.240 transforming into a resistance line.
SPG (000029.SZ) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 3.540 and 3.250, and is currently supporting at 3.652.

Stock Trading Conclusion:
SPG (000029.SZ) was trading in a bullish wave, which is becoming weaker .
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 : 4.20, 4.24, 4.24, 4.27, 4.27, 4.30, 4.32, 4.32, 4.38, 4.40,.
Stock Support levels : 4.07, 3.98, 3.87, 3.65,.