Today we will analyze the stock MEIDA (000782.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in MEIDA (000782.SZ)
1- Last bearish trend was from 4.90 $ (4/11/2012) to 4.49 $ (4/17/2012) a 0.41 $ move 2- The current bullish trend started from 4.49 $ at 4/17/2012 and is currently trading at 4.71 $.
3- 000782.SZ current support level is at 4.69 which is the 50.00 % fibonacci retracement of the last 0.41 $ move.
4- 000782.SZ current resistance level is at 4.74 which is the 61.80 % fibonacci retracement of the last 0.41 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
MEIDA (000782.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 4.490 .
7- The Stock formed a 0.550 $ height triangle which was broken up at 4.710, target of the pattern is 5.260.
MEIDA (000782.SZ) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 4.900 and 5.050 that was broken up at 4.710 transforming into a supporting line.
MEIDA (000782.SZ) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 5.080 and 5.690, and is currently resisting at 4.826.

Stock Trading Conclusion:
MEIDA (000782.SZ) was trading in a bearish 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 : 4.74, 4.83, 4.90, 5.01, 5.15, 5.26.
Stock Support levels : 4.71, 4.69, 4.66, 4.65, 4.63, 4.60, 4.59, 4.57, 4.49, 4.49,.