Today we will analyze the stock HUAMAO SHARE (000850.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in HUAMAO SHARE (000850.SZ)
1- Last bullish trend was from 5.82 $ (3/29/2012) to 7.02 $ (4/25/2012) a 1.20 $ move 2- The current bearish trend started from 7.02 $ at 4/25/2012 and is currently trading at 6.74 $.
3- 000850.SZ current support level is at 6.74 which is the 23.60 % fibonacci retracement of the last 1.20 $ move.
4- 000850.SZ current resistance level is at 7.02 which is the 0.00 % fibonacci retracement of the last 1.20 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
HUAMAO SHARE (000850.SZ) Short term stock chart patterns for internet stock trading :

None.
HUAMAO SHARE (000850.SZ) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 5.820 and 5.690, and is currently supporting at 5.894.
HUAMAO SHARE (000850.SZ) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 3.030 $ height triangle which was broken up at 6.530 in higher than usual volume, target of the pattern is 9.560.

Stock Trading Conclusion:
HUAMAO SHARE (000850.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 : 6.81, 6.85, 6.88, 6.91, 7.02, 9.56.
Stock Support levels : 6.74, 6.56, 6.46, 6.42, 6.28, 6.15, 5.89, 5.82, 5.49,.