Today we will analyze the stock SXGL (000831.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in SXGL (000831.SZ)
1- Last bullish trend was from 7.56 $ (3/3/2011) to 9.58 $ (3/16/2011) a 2.02 $ move 2- The current bearish trend started from 9.58 $ at 3/16/2011 and is currently trading at 9.15 $.
3- 000831.SZ current support level is at 9.10 which is the 23.60 % fibonacci retracement of the last 2.02 $ move.
4- 000831.SZ current resistance level is at 9.58 which is the 0.00 % fibonacci retracement of the last 2.02 $ 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.
SXGL (000831.SZ) Short term stock chart patterns for internet stock trading :

None.
SXGL (000831.SZ) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 7.650 and 7.950 that was broken up at 6.950 transforming into a supporting line.
SXGL (000831.SZ) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 7.950 and 8.220 that was broken up at 7.790 transforming into a supporting line.

Stock Trading Conclusion:
SXGL (000831.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 : 9.25, 9.31, 9.36, 9.42, 9.58,.
Stock Support levels : 9.10, 8.81, 8.57, 8.33, 7.56, 7.50, 7.01, 6.31,.