Today we will analyze the stock CHANGYU-B (200869.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in CHANGYU-B (200869.SZ)
1- Last bullish trend was from 81.32 $ (3/12/2012) to 89.02 $ (4/5/2012) a 7.70 $ move 2- The current bearish trend started from 89.02 $ at 4/5/2012 and is currently trading at 80.80 $.
3- 200869.SZ current support level is at 79.23 which is the 127.20 % fibonacci retracement of the last 7.70 $ move.
4- 200869.SZ current resistance level is at 81.32 which is the 100.00 % fibonacci retracement of the last 7.70 $ 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.
CHANGYU-B (200869.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 81.320 and 79.000 that was broken down at 83.000 transforming into a resistance line.
CHANGYU-B (200869.SZ) Mid term stock chart patterns for internet stock trading :

None.
CHANGYU-B (200869.SZ) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 89.020 and 92.900, and is currently resisting at 88.121.

Stock Trading Conclusion:
CHANGYU-B (200869.SZ) was trading in a 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 : 81.32, 82.74, 83.94, 84.26, 84.61, 84.91, 85.17, 85.88, 86.08, 87.20, 88.12, 89.02,.
Stock Support levels : 79.23,.