Today we will analyze the stock IFLYTEK (002230.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in IFLYTEK (002230.SZ)
1- Last bearish trend was from 38.80 $ (4/16/2012) to 34.98 $ (4/25/2012) a 3.82 $ move 2- The current bullish trend started from 34.98 $ at 4/25/2012 and is currently trading at 36.30 $.
3- 002230.SZ current support level is at 35.88 which is the 23.60 % fibonacci retracement of the last 3.82 $ move.
4- 002230.SZ current resistance level is at 36.44 which is the 38.20 % fibonacci retracement of the last 3.82 $ 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.
IFLYTEK (002230.SZ) Short term stock chart patterns for internet stock trading :

None.
IFLYTEK (002230.SZ) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 14.500 $ height triangle which was broken down at 36.210 in higher than usual volume, target of the pattern is 21.710.
IFLYTEK (002230.SZ) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
IFLYTEK (002230.SZ) was trading in a 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 : 36.44, 36.89, 37.34, 38.80, 39.20, 39.84, 41.16.
Stock Support levels : 35.99, 35.88, 35.80, 35.64, 35.48, 34.98,.