Today we will analyze the stock BAONENGYUAN (000690.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in BAONENGYUAN (000690.SZ)
1- Last bullish trend was from 3.10 $ (1/16/2012) to 3.32 $ (1/20/2012) a 0.22 $ move 2- The current bearish trend started from 3.32 $ at 1/20/2012 and is currently trading at 3.28 $.
3- 000690.SZ current support level is at 3.27 which is the 23.60 % fibonacci retracement of the last 0.22 $ move.
4- 000690.SZ current resistance level is at 3.32 which is the 0.00 % fibonacci retracement of the last 0.22 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
BAONENGYUAN (000690.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 3.100 and 2.930 that was broken down at 3.210 transforming into a resistance line.
BAONENGYUAN (000690.SZ) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 4.430 and 5.260, and is currently resisting at 3.964.
BAONENGYUAN (000690.SZ) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 4.430 and 6.080, and is currently resisting at 3.918.

Stock Trading Conclusion:
BAONENGYUAN (000690.SZ) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 3.29, 3.29, 3.30, 3.30, 3.30, 3.32, 3.92, 3.96.
Stock Support levels : 3.27, 3.24, 3.21, 3.18, 3.10, 3.04,.