Today we will analyze the stock GTCL (000978.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in GTCL (000978.SZ)
1- Last bullish trend was from 8.12 $ (3/30/2012) to 9.01 $ (4/16/2012) a 0.89 $ move 2- The current bearish trend started from 9.01 $ at 4/16/2012 and is currently trading at 8.62 $.
3- 000978.SZ current support level is at 8.57 which is the 50.00 % fibonacci retracement of the last 0.89 $ move.
4- 000978.SZ current resistance level is at 8.67 which is the 38.20 % fibonacci retracement of the last 0.89 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
GTCL (000978.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 9.010 and 9.110, and is currently resisting at 8.945.
GTCL (000978.SZ) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 8.120 and 7.240, and is currently supporting at 8.461.
GTCL (000978.SZ) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 2.520 $ height triangle.

Stock Trading Conclusion:
GTCL (000978.SZ) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 8.67, 8.71, 8.77, 8.80, 8.82, 8.86, 8.95, 9.01,.
Stock Support levels : 8.57, 8.46, 8.46, 8.12, 7.88,.