Today we will analyze the stock NOVEL (002014.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in NOVEL (002014.SZ)
1- Last bearish trend was from 15.48 $ (4/11/2012) to 14.87 $ (4/23/2012) a 0.61 $ move 2- The current bullish trend started from 14.87 $ at 4/23/2012 and is currently trading at 15.41 $.
3- 002014.SZ current support level is at 15.25 which is the 61.80 % fibonacci retracement of the last 0.61 $ move.
4- 002014.SZ current resistance level is at 15.48 which is the 100.00 % fibonacci retracement of the last 0.61 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
NOVEL (002014.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 15.480 .
7- The Stock formed a 1.270 $ height triangle.
NOVEL (002014.SZ) Mid term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 14.180 and 12.170,resistance between 15.500 and 13.400, the stock channel is currently supported from below by 15.118 and resisted from above by 16.950.
NOVEL (002014.SZ) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 14.330 and 15.270 that was broken up at 13.360 transforming into a supporting line.

Stock Trading Conclusion:
NOVEL (002014.SZ) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 15.48, 15.49, 15.52, 15.65, 15.86.
Stock Support levels : 15.28, 15.25, 15.20, 15.17, 15.14, 15.10, 15.08, 15.01, 14.87,.