Today we will analyze the stock KOYO GROUP (000979.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in KOYO GROUP (000979.SZ)
1- Last bearish trend was from 8.70 $ (4/25/2012) to 8.28 $ (5/3/2012) a 0.42 $ move 2- The current bullish trend started from 8.28 $ at 5/3/2012 and is currently trading at 8.58 $.
3- 000979.SZ current support level is at 8.54 which is the 61.80 % fibonacci retracement of the last 0.42 $ move.
4- 000979.SZ current resistance level is at 8.70 which is the 100.00 % fibonacci retracement of the last 0.42 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
KOYO GROUP (000979.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 8.280 and 6.260,resistance between 8.700 and 6.530, the stock channel is currently supported from below by 8.386 and resisted from above by 9.303.
KOYO GROUP (000979.SZ) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 1.180 $ height triangle which was broken up at 6.730 in higher than usual volume, target of the pattern is 7.910.
KOYO GROUP (000979.SZ) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 5.980 and 5.070, and is currently supporting at 6.484.

Stock Trading Conclusion:
KOYO GROUP (000979.SZ) was trading in a strong bullish wave, which is becoming stronger .
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 : 8.70, 8.81, 8.96.
Stock Support levels : 8.54, 8.51, 8.49, 8.47, 8.44, 8.43, 8.39, 8.38, 8.28, 6.48,.