Today we will analyze the stock NEW HUA DU (002264.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in NEW HUA DU (002264.SZ)
1- Last bullish trend was from 10.58 $ (4/9/2012) to 10.95 $ (4/19/2012) a 0.37 $ move 2- The current bearish trend started from 10.95 $ at 4/19/2012 and is currently trading at 7.23 $.
3- According to ADX Indicator, the trend is currently strong 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.
NEW HUA DU (002264.SZ) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Top Pattern at 10.950 .
5- The Stock formed a 0.840 $ height triangle which was broken down at 10.660, target of the pattern is 9.820.
NEW HUA DU (002264.SZ) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 10.970 and 12.030, and is currently resisting at 9.698.
NEW HUA DU (002264.SZ) Long term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 10.230 that failed and formed a resistance.
8- The Stock was resisted by a resistance line, identified by two points: 12.030 and 13.240, and is currently resisting at 11.434.

Stock Trading Conclusion:
NEW HUA DU (002264.SZ) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 8.11, 8.65, 9.09, 9.53, 9.70, 10.23, 10.93, 10.95, 11.43, 13.13.
Stock Support levels :.