Today we will analyze the stock FEIYA (002042.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in FEIYA (002042.SZ)
1- Last bullish trend was from 7.91 $ (3/30/2012) to 8.60 $ (4/23/2012) a 0.69 $ move 2- The current bearish trend started from 8.60 $ at 4/23/2012 and is currently trading at 8.35 $.
3- 002042.SZ current support level is at 8.34 which is the 38.20 % fibonacci retracement of the last 0.69 $ move.
4- 002042.SZ current resistance level is at 8.44 which is the 23.60 % fibonacci retracement of the last 0.69 $ move.
5- According to ADX Indicator, the trend is currently bearish,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.
FEIYA (002042.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 8.600 and 9.350, and is currently resisting at 8.350.
FEIYA (002042.SZ) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 7.910 and 7.270, and is currently supporting at 8.158.
FEIYA (002042.SZ) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 10.180 and 11.220, and is currently resisting at 9.673.

Stock Trading Conclusion:
FEIYA (002042.SZ) was trading in a bearish wave, which is becoming weaker .
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 : 8.41, 8.44, 8.45, 8.48, 8.50, 8.60, 9.67.
Stock Support levels : 8.34, 8.26, 8.17, 8.16, 7.91, 7.72,.