Today we will analyze the stock CHINASCHOLARS (000547.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in CHINASCHOLARS (000547.SZ)
1- Last bullish trend was from 4.62 $ (3/29/2012) to 6.12 $ (4/26/2012) a 1.50 $ move 2- The current bearish trend started from 6.12 $ at 4/26/2012 and is currently trading at 5.89 $.
3- 000547.SZ current support level is at 5.77 which is the 23.60 % fibonacci retracement of the last 1.50 $ move.
4- 000547.SZ current resistance level is at 6.12 which is the 0.00 % fibonacci retracement of the last 1.50 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
CHINASCHOLARS (000547.SZ) Short term stock chart patterns for internet stock trading :

None.
CHINASCHOLARS (000547.SZ) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 4.620 and 4.000, and is currently supporting at 4.891.
CHINASCHOLARS (000547.SZ) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 2.190 $ height triangle which was broken up at 5.830 in higher than usual volume, target of the pattern is 8.020.

Stock Trading Conclusion:
CHINASCHOLARS (000547.SZ) was trading in a strong bullish wave, which is becoming weaker .
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 : 5.94, 5.98, 6.01, 6.03, 6.12, 8.02.
Stock Support levels : 5.77, 5.64, 5.55, 5.37, 5.19, 4.89, 4.62, 4.21,.