Today we will analyze the stock DEREN (002055.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in DEREN (002055.SZ)
1- Last bearish trend was from 18.51 $ (4/16/2012) to 17.10 $ (4/27/2012) a 1.41 $ move 2- The current bullish trend started from 17.10 $ at 4/27/2012 and is currently trading at 17.84 $.
3- 002055.SZ current support level is at 17.81 which is the 50.00 % fibonacci retracement of the last 1.41 $ move.
4- 002055.SZ current resistance level is at 17.97 which is the 61.80 % fibonacci retracement of the last 1.41 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
DEREN (002055.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 18.510 .
7- The Stock formed a 2.220 $ height triangle.
DEREN (002055.SZ) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 18.510 and 19.860, and is currently resisting at 17.864.
DEREN (002055.SZ) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 16.380 and 15.470, and is currently supporting at 16.711.

Stock Trading Conclusion:
DEREN (002055.SZ) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 17.86, 17.97, 18.45, 18.50, 18.51, 18.89, 19.38.
Stock Support levels : 17.81, 17.67, 17.64, 17.56, 17.47, 17.43, 17.38, 17.10,.