Today we will analyze the stock KINGFIELD (002239.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in KINGFIELD (002239.SZ)
1- Last bearish trend was from 8.98 $ (4/20/2012) to 7.97 $ (4/27/2012) a 1.01 $ move 2- The current bullish trend started from 7.97 $ at 4/27/2012 and is currently trading at 8.29 $.
3- 002239.SZ current support level is at 8.21 which is the 23.60 % fibonacci retracement of the last 1.01 $ move.
4- 002239.SZ current resistance level is at 8.36 which is the 38.20 % fibonacci retracement of the last 1.01 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
KINGFIELD (002239.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 8.980 and 9.070, and is currently resisting at 8.890.
KINGFIELD (002239.SZ) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.890 $ height triangle which was broken down at 8.430, target of the pattern is 7.540.
KINGFIELD (002239.SZ) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 2.220 $ height triangle which was broken down at 8.810 in higher than usual volume, target of the pattern is 6.590.

Stock Trading Conclusion:
KINGFIELD (002239.SZ) was trading in a bearish 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 : 8.36, 8.47, 8.59, 8.75, 8.89, 8.98, 9.06, 9.25, 9.60, 10.31.
Stock Support levels : 8.21, 8.21, 8.17, 8.13, 8.09, 7.97, 7.54,.