Today we will analyze the stock INT’L GROUP (000411.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in INT’L GROUP (000411.SZ)
1- Last bullish trend was from 9.65 $ (1/16/2012) to 10.30 $ (1/20/2012) a 0.65 $ move 2- The current bearish trend started from 10.30 $ at 1/20/2012 and is currently trading at 9.97 $.
3- 000411.SZ current support level is at 9.90 which is the 61.80 % fibonacci retracement of the last 0.65 $ move.
4- 000411.SZ current resistance level is at 9.98 which is the 50.00 % fibonacci retracement of the last 0.65 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
INT’L GROUP (000411.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 10.300 .
7- The Stock formed a 1.210 $ height triangle which was broken down at 10.000, target of the pattern is 8.790.
INT’L GROUP (000411.SZ) Mid term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 9.650 and 9.100,resistance between 10.310 and 9.800 which was broken down at 10.000.
INT’L GROUP (000411.SZ) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 6.450 $ height triangle which was broken up at 9.600 in higher than usual volume, target of the pattern is 16.050.

Stock Trading Conclusion:
INT’L GROUP (000411.SZ) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 9.98, 10.05, 10.05, 10.10, 10.14, 10.15, 10.17, 10.28, 10.29, 10.30, 16.05.
Stock Support levels : 9.90, 9.65, 9.47, 9.25, 8.79,.