Today we will analyze the stock DAYE (000708.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in DAYE (000708.SZ)
1- Last bearish trend was from 11.36 $ (4/23/2012) to 10.60 $ (4/27/2012) a 0.76 $ move 2- The current bullish trend started from 10.60 $ at 4/27/2012 and is currently trading at 10.92 $.
3- 000708.SZ current support level is at 10.89 which is the 38.20 % fibonacci retracement of the last 0.76 $ move.
4- 000708.SZ current resistance level is at 10.98 which is the 50.00 % fibonacci retracement of the last 0.76 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
DAYE (000708.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 1.400 $ height triangle.
DAYE (000708.SZ) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 2.880 $ height triangle which was broken down at 10.660 in higher than usual volume, target of the pattern is 7.780.
DAYE (000708.SZ) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 12.100 and 12.380, and is currently resisting at 11.992.

Stock Trading Conclusion:
DAYE (000708.SZ) was trading in a bearish wave, which is becoming stronger .
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 : 10.95, 10.98, 11.07, 11.36, 11.57, 11.83, 11.99.
Stock Support levels : 10.89, 10.84, 10.80, 10.78, 10.76, 10.72, 10.60,.