Today we will analyze the stock SHENGDA FORESTRY (002259.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in SHENGDA FORESTRY (002259.SZ)
1- Last bearish trend was from 2.95 $ (1/17/2012) to 2.85 $ (1/19/2012) a 0.10 $ move 2- The current bullish trend started from 2.85 $ at 1/19/2012 and is currently trading at 2.96 $.
3- 002259.SZ current support level is at 2.95 which is the 100.00 % fibonacci retracement of the last 0.10 $ move.
4- 002259.SZ current resistance level is at 2.98 which is the 127.20 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
SHENGDA FORESTRY (002259.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.400 $ height triangle which was broken up at 2.900, target of the pattern is 3.300.
SHENGDA FORESTRY (002259.SZ) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 3.190 and 4.480 that was broken up at 2.900 transforming into a supporting line.
SHENGDA FORESTRY (002259.SZ) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 3.190 and 4.480 that was broken up at 2.900 transforming into a supporting line.

Stock Trading Conclusion:
SHENGDA FORESTRY (002259.SZ) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 2.98, 3.01, 3.30.
Stock Support levels : 2.95, 2.93, 2.92, 2.91, 2.90, 2.90, 2.89, 2.89, 2.87, 2.85, 2.82,.