Today we will analyze the stock SBS (002098.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in SBS (002098.SZ)
1- Last bearish trend was from 8.83 $ (4/18/2012) to 8.18 $ (4/27/2012) a 0.65 $ move 2- The current bullish trend started from 8.18 $ at 4/27/2012 and is currently trading at 8.49 $.
3- 002098.SZ current support level is at 8.43 which is the 38.20 % fibonacci retracement of the last 0.65 $ move.
4- 002098.SZ current resistance level is at 8.51 which is the 50.00 % fibonacci retracement of the last 0.65 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SBS (002098.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 8.830 and 10.500 that was broken up at 8.180 transforming into a supporting line.
SBS (002098.SZ) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 8.830 and 10.500 that was broken up at 8.180 transforming into a supporting line.
SBS (002098.SZ) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 8.180 .

Stock Trading Conclusion:
SBS (002098.SZ) was trading in a bearish wave, which is becoming stronger .
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 : 8.51, 8.58, 8.83, 9.01, 9.23.
Stock Support levels : 8.43, 8.42, 8.37, 8.34, 8.33, 8.30, 8.18, 8.07, 7.76,.