Today we will analyze the stock STONE HI-TECH (000409.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in STONE HI-TECH (000409.SZ)
1- Last bearish trend was from 6.66 $ (4/26/2012) to 6.07 $ (5/2/2012) a 0.59 $ move 2- The current bullish trend started from 6.07 $ at 5/2/2012 and is currently trading at 6.50 $.
3- 000409.SZ current support level is at 6.43 which is the 61.80 % fibonacci retracement of the last 0.59 $ move.
4- 000409.SZ current resistance level is at 6.66 which is the 100.00 % fibonacci retracement of the last 0.59 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
STONE HI-TECH (000409.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 6.070 and 6.440,resistance between 6.660 and 7.110 which was broken up at 6.500.
STONE HI-TECH (000409.SZ) Mid term stock chart patterns for internet stock trading :

None.
STONE HI-TECH (000409.SZ) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
STONE HI-TECH (000409.SZ) was trading in a bearish 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 : 6.66, 6.82, 7.02.
Stock Support levels : 6.43, 6.40, 6.38, 6.36, 6.34, 6.30, 6.30, 6.28, 6.23, 6.21, 6.07,.