Today we will analyze the stock HUAXIN INDUSTRY (000416.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in HUAXIN INDUSTRY (000416.SZ)
1- Last bullish trend was from 5.71 $ (3/29/2012) to 6.87 $ (4/25/2012) a 1.16 $ move 2- The current bearish trend started from 6.87 $ at 4/25/2012 and is currently trading at 6.70 $.
3- 000416.SZ current support level is at 6.60 which is the 23.60 % fibonacci retracement of the last 1.16 $ move.
4- 000416.SZ current resistance level is at 6.87 which is the 0.00 % fibonacci retracement of the last 1.16 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
HUAXIN INDUSTRY (000416.SZ) Short term stock chart patterns for internet stock trading :

None.
HUAXIN INDUSTRY (000416.SZ) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 5.710 and 5.340, and is currently supporting at 5.875.
HUAXIN INDUSTRY (000416.SZ) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 3.890 $ height triangle which was broken up at 6.620 in higher than usual volume, target of the pattern is 10.510.

Stock Trading Conclusion:
HUAXIN INDUSTRY (000416.SZ) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 6.74, 6.76, 6.78, 6.81, 6.87, 10.51.
Stock Support levels : 6.60, 6.43, 6.29, 6.26, 6.15, 5.88, 5.71, 5.39,.