Today we will analyze the stock HONGYUAN SECURITIES (000562.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in HONGYUAN SECURITIES (000562.SZ)
1- Last bearish trend was from 16.08 $ (4/24/2012) to 15.30 $ (4/27/2012) a 0.78 $ move 2- The current bullish trend started from 15.30 $ at 4/27/2012 and is currently trading at 15.70 $.
3- 000562.SZ current support level is at 15.69 which is the 50.00 % fibonacci retracement of the last 0.78 $ move.
4- 000562.SZ current resistance level is at 15.78 which is the 61.80 % fibonacci retracement of the last 0.78 $ move.
5- According to ADX Indicator, the trend is currently 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.
6- Bearish Divergance in MACD Indicator .
HONGYUAN SECURITIES (000562.SZ) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 15.300 and 14.140 that was broken down at 15.700 transforming into a resistance line.
HONGYUAN SECURITIES (000562.SZ) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 12.720 and 10.720, and is currently supporting at 13.553.
HONGYUAN SECURITIES (000562.SZ) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 5.450 $ height triangle which was broken up at 15.120 in higher than usual volume, target of the pattern is 20.570.

Stock Trading Conclusion:
HONGYUAN SECURITIES (000562.SZ) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 15.74, 15.78, 16.08, 16.29, 16.56, 20.57.
Stock Support levels : 15.69, 15.61, 15.60, 15.55, 15.50, 15.48, 15.45, 15.30, 14.40,.