Today we will analyze the stock CHINA YURUN FOOD GP (2283874.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in CHINA YURUN FOOD GP (2283874.SG)
1- Last bullish trend was from 2.46 $ (7/30/2010) to 2.71 $ (8/16/2010) a 0.25 $ move 2- The current bearish trend started from 2.71 $ at 8/16/2010 and is currently trading at 1.18 $.
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.
CHINA YURUN FOOD GP (2283874.SG) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 2.460 and 2.420 that was broken down at 1.180 transforming into a resistance line.
CHINA YURUN FOOD GP (2283874.SG) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Bottom Pattern at 2.000 that failed and formed a resistance.
6- The Stock was supported by a support line, identified by two points: 2.000 and 1.990 that was broken down at 1.180 transforming into a resistance line.
CHINA YURUN FOOD GP (2283874.SG) Long term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 2.000 that failed and formed a resistance.
8- The Stock was supported by a support line, identified by two points: 2.000 and 1.990 that was broken down at 1.180 transforming into a resistance line.

Stock Trading Conclusion:
CHINA YURUN FOOD GP (2283874.SG) 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 : 1.54, 1.76, 1.95, 2.05, 2.13, 2.49, 2.71.
Stock Support levels :.