Today we will analyze the stock HUAWEN MEDIA (000793.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in HUAWEN MEDIA (000793.SZ)
1- Last bearish trend was from 6.70 $ (4/18/2012) to 6.41 $ (4/23/2012) a 0.29 $ move 2- The current bullish trend started from 6.41 $ at 4/23/2012 and is currently trading at 6.49 $.
3- 000793.SZ current support level is at 6.48 which is the 23.60 % fibonacci retracement of the last 0.29 $ move.
4- 000793.SZ current resistance level is at 6.52 which is the 38.20 % fibonacci retracement of the last 0.29 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bearish Divergance in MACD Indicator .
7- Bullish Divergance in MACD Indicator .
HUAWEN MEDIA (000793.SZ) Short term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 6.410 and 5.800 that was broken down at 6.490 transforming into a resistance line.
HUAWEN MEDIA (000793.SZ) Mid term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 6.620 and 6.690 that was broken up at 6.700 transforming into a supporting line.
HUAWEN MEDIA (000793.SZ) Long term stock chart patterns for internet stock trading :

10- The Stock formed a 2.250 $ height triangle which was broken up at 6.580, target of the pattern is 8.830.

Stock Trading Conclusion:
HUAWEN MEDIA (000793.SZ) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 6.52, 6.55, 6.55, 6.59, 6.70, 6.78, 6.88, 8.83.
Stock Support levels : 6.48, 6.47, 6.46, 6.45, 6.44, 6.41, 6.38,.