Today we will analyze the stock XINXIANG CHEMICAL (000949.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in XINXIANG CHEMICAL (000949.SZ)
1- Last bullish trend was from 3.63 $ (4/26/2012) to 3.77 $ (4/27/2012) a 0.14 $ move 2- The current bearish trend started from 3.77 $ at 4/27/2012 and is currently trading at 3.64 $.
3- 000949.SZ current support level is at 3.63 which is the 100.00 % fibonacci retracement of the last 0.14 $ move.
4- 000949.SZ current resistance level is at 3.68 which is the 61.80 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
XINXIANG CHEMICAL (000949.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.280 $ height triangle which was broken down at 3.580, target of the pattern is 3.300.
XINXIANG CHEMICAL (000949.SZ) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 3.850 and 4.430 that was broken up at 3.640 transforming into a supporting line.
XINXIANG CHEMICAL (000949.SZ) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 4.500 and 4.670, and is currently resisting at 4.431.

Stock Trading Conclusion:
XINXIANG CHEMICAL (000949.SZ) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 3.65, 3.67, 3.68, 3.69, 3.70, 3.70, 3.72, 3.72, 3.74, 3.77, 4.43.
Stock Support levels : 3.63, 3.59, 3.56, 3.54,.