Today we will analyze the stock WEIHUA (002240.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in WEIHUA (002240.SZ)
1- Last bullish trend was from 4.88 $ (4/17/2012) to 5.07 $ (4/18/2012) a 0.19 $ move 2- The current bearish trend started from 5.07 $ at 4/18/2012 and is currently trading at 4.58 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
WEIHUA (002240.SZ) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 0.390 $ height triangle which was broken down at 4.890, target of the pattern is 4.500.
WEIHUA (002240.SZ) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Top Pattern at 5.170 .
6- The Stock formed a 0.700 $ height triangle which was broken down at 4.960 in higher than usual volume, target of the pattern is 4.260.
WEIHUA (002240.SZ) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 4.460 and 3.850 that was broken down at 4.610 transforming into a resistance line.

Stock Trading Conclusion:
WEIHUA (002240.SZ) was trading in a bearish wave, which is becoming stronger .
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 : 4.70, 4.72, 4.77, 4.82, 4.88, 5.07, 5.13, 5.17, 5.19, 5.28.
Stock Support levels : 4.50,.