Today we will analyze the stock YINGUANGXIA (000557.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in YINGUANGXIA (000557.SZ)
1- Last bearish trend was from 6.98 $ (11/1/2010) to 6.67 $ (11/2/2010) a 0.31 $ move 2- The current bullish trend started from 6.67 $ at 11/2/2010 and is currently trading at 7.00 $.
3- 000557.SZ current support level is at 6.98 which is the 100.00 % fibonacci retracement of the last 0.31 $ move.
4- 000557.SZ current resistance level is at 7.06 which is the 127.20 % fibonacci retracement of the last 0.31 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
YINGUANGXIA (000557.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 6.670 and 5.300, and is currently supporting at 6.822.
YINGUANGXIA (000557.SZ) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 5.300 and 5.000, and is currently supporting at 5.514.
YINGUANGXIA (000557.SZ) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 2.060 $ height triangle which was broken up at 4.760, target of the pattern is 6.820.

Stock Trading Conclusion:
YINGUANGXIA (000557.SZ) was trading in a strong bullish 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 : 7.06, 7.17.
Stock Support levels : 6.98, 6.92, 6.87, 6.86, 6.84, 6.82, 6.82, 6.80, 6.79, 6.74, 6.67, 5.51,.