Today we will analyze the stock RAINBOW (002256.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in RAINBOW (002256.SZ)
1- Last bearish trend was from 9.01 $ (4/20/2012) to 8.28 $ (4/27/2012) a 0.73 $ move 2- The current bullish trend started from 8.28 $ at 4/27/2012 and is currently trading at 8.66 $.
3- 002256.SZ current support level is at 8.65 which is the 50.00 % fibonacci retracement of the last 0.73 $ move.
4- 002256.SZ current resistance level is at 8.73 which is the 61.80 % fibonacci retracement of the last 0.73 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
RAINBOW (002256.SZ) Short term stock chart patterns for internet stock trading :

None.
RAINBOW (002256.SZ) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 9.010 and 10.050, and is currently resisting at 8.713.
RAINBOW (002256.SZ) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 7.710 and 7.060, and is currently supporting at 7.967.

Stock Trading Conclusion:
RAINBOW (002256.SZ) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 8.71, 8.73, 9.01, 9.21, 9.46.
Stock Support levels : 8.65, 8.57, 8.56, 8.51, 8.47, 8.45, 8.43, 8.28,.