Today we will analyze the stock VALIN STEEL (000932.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in VALIN STEEL (000932.SZ)
1- Last bearish trend was from 3.11 $ (2/28/2012) to 2.68 $ (3/30/2012) a 0.43 $ move 2- The current bullish trend started from 2.68 $ at 3/30/2012 and is currently trading at 2.77 $.
3- 000932.SZ current support level is at 2.68 which is the 0.00 % fibonacci retracement of the last 0.43 $ move.
4- 000932.SZ current resistance level is at 2.78 which is the 23.60 % fibonacci retracement of the last 0.43 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
VALIN STEEL (000932.SZ) Short term stock chart patterns for internet stock trading :

None.
VALIN STEEL (000932.SZ) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 3.110 and 3.310, and is currently resisting at 2.995.
VALIN STEEL (000932.SZ) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 2.660 and 3.780,resistance between 3.110 and 4.300, the stock channel is currently supported from below by 1.938 and resisted from above by 2.772.

Stock Trading Conclusion:
VALIN STEEL (000932.SZ) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 2.78, 2.84, 2.89, 2.95, 2.99, 3.11, 3.23, 3.38.
Stock Support levels : 2.75, 2.74, 2.72, 2.71, 2.68,.