Today we will analyze the stock HUARUI STEEL CASTING (002204.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in HUARUI STEEL CASTING (002204.SZ)
1- Last bullish trend was from 23.95 $ (4/16/2012) to 25.49 $ (4/18/2012) a 1.54 $ move 2- The current bearish trend started from 25.49 $ at 4/18/2012 and is currently trading at 24.85 $.
3- 002204.SZ current support level is at 24.72 which is the 50.00 % fibonacci retracement of the last 1.54 $ move.
4- 002204.SZ current resistance level is at 24.90 which is the 38.20 % fibonacci retracement of the last 1.54 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
HUARUI STEEL CASTING (002204.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 25.490 .
HUARUI STEEL CASTING (002204.SZ) Mid term stock chart patterns for internet stock trading :

None.
HUARUI STEEL CASTING (002204.SZ) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 25.020 and 24.430,resistance between 29.800 and 28.560 which was broken down at 26.290.

Stock Trading Conclusion:
HUARUI STEEL CASTING (002204.SZ) was trading in a strong bearish 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 : 24.90, 25.00, 25.09, 25.13, 25.17, 25.25, 25.37, 25.49, 26.81.
Stock Support levels : 24.72, 24.54, 23.95, 23.53,.