Today we will analyze the stock SHANGHAI RAAS (002252.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in SHANGHAI RAAS (002252.SZ)
1- Last bullish trend was from 23.79 $ (12/27/2011) to 25.29 $ (1/10/2012) a 1.50 $ move 2- The current bearish trend started from 25.29 $ at 1/10/2012 and is currently trading at 23.82 $.
3- 002252.SZ current support level is at 23.79 which is the 100.00 % fibonacci retracement of the last 1.50 $ move.
4- 002252.SZ current resistance level is at 24.36 which is the 61.80 % fibonacci retracement of the last 1.50 $ 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.
6- Bullish Divergance in MACD Indicator .
SHANGHAI RAAS (002252.SZ) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 23.790 and 23.070 that was broken down at 24.600 transforming into a resistance line.
SHANGHAI RAAS (002252.SZ) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 25.290 and 26.180, and is currently resisting at 25.009.
SHANGHAI RAAS (002252.SZ) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 26.180 and 29.240 that was broken up at 24.500 transforming into a supporting line.

Stock Trading Conclusion:
SHANGHAI RAAS (002252.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 : 24.17, 24.36, 24.38, 24.54, 24.56, 24.72, 24.73, 24.94, 25.01, 25.10, 25.29,.
Stock Support levels : 23.79, 23.38, 23.12,.