Today we will analyze the stock ZNCG (000785.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in ZNCG (000785.SZ)
1- Last bearish trend was from 7.80 $ (3/19/2012) to 7.10 $ (4/24/2012) a 0.70 $ move 2- The current bullish trend started from 7.10 $ at 4/24/2012 and is currently trading at 7.80 $.
3- 000785.SZ current support level is at 7.80 which is the 100.00 % fibonacci retracement of the last 0.70 $ move.
4- 000785.SZ current resistance level is at 7.99 which is the 127.20 % fibonacci retracement of the last 0.70 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ZNCG (000785.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 7.800 and 8.080 that was broken up at 7.670 transforming into a supporting line.
ZNCG (000785.SZ) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 7.800 and 8.080 that was broken up at 7.670 transforming into a supporting line.
ZNCG (000785.SZ) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 3.090 $ height triangle.

Stock Trading Conclusion:
ZNCG (000785.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 : 7.99, 8.23.
Stock Support levels : 7.63, 7.53, 7.47, 7.45, 7.37, 7.27, 7.10,.