Today we will analyze the stock QINGHAI SALT LAKE (000578.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in QINGHAI SALT LAKE (000578.SZ)
1- Last bullish trend was from 20.40 $ (1/25/2011) to 25.80 $ (2/17/2011) a 5.40 $ move 2- The current bearish trend started from 25.80 $ at 2/17/2011 and is currently trading at 24.44 $.
3- 000578.SZ current support level is at 23.74 which is the 38.20 % fibonacci retracement of the last 5.40 $ move.
4- 000578.SZ current resistance level is at 24.53 which is the 23.60 % fibonacci retracement of the last 5.40 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
QINGHAI SALT LAKE (000578.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 25.800 and 26.880, and is currently resisting at 24.806.
QINGHAI SALT LAKE (000578.SZ) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 26.880 and 27.580 that was broken up at 24.440 transforming into a supporting line.
QINGHAI SALT LAKE (000578.SZ) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 20.400 and 24.400,resistance between 27.580 and 33.040 which was broken up at 24.250 in higher than usual volume.

Stock Trading Conclusion:
QINGHAI SALT LAKE (000578.SZ) was trading in a 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 : 24.53, 24.76, 24.81, 24.96, 25.12, 25.28, 25.80,.
Stock Support levels : 23.74, 23.10, 22.68, 22.46, 20.40, 19.32, 18.93,.