Today we will analyze the stock NANJING PORT (002040.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in NANJING PORT (002040.SZ)
1- Last bearish trend was from 6.38 $ (4/20/2012) to 6.05 $ (4/27/2012) a 0.33 $ move 2- The current bullish trend started from 6.05 $ at 4/27/2012 and is currently trading at 6.27 $.
3- 002040.SZ current support level is at 6.25 which is the 61.80 % fibonacci retracement of the last 0.33 $ move.
4- 002040.SZ current resistance level is at 6.38 which is the 100.00 % fibonacci retracement of the last 0.33 $ 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.
NANJING PORT (002040.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 6.050 and 6.170,resistance between 6.380 and 6.600 which was broken up at 6.370 in higher than usual volume.
NANJING PORT (002040.SZ) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 5.690 and 5.000, and is currently supporting at 6.249.
NANJING PORT (002040.SZ) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 6.860 and 7.120 that was broken up at 6.170 transforming into a supporting line.

Stock Trading Conclusion:
NANJING PORT (002040.SZ) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 6.38, 6.47, 6.58.
Stock Support levels : 6.26, 6.25, 6.25, 6.22, 6.22, 6.19, 6.18, 6.17, 6.16, 6.13, 6.13, 6.05,.