Today we will analyze the stock ChinaAOil (G92.SI) for internet stock trading in the SI stock market,
Stock Technical indicators to notice in ChinaAOil (G92.SI)
1- Last bearish trend was from 1.61 $ (10/11/2010) to 1.56 $ (10/12/2010) a 0.05 $ move
2- The current bullish trend started from 1.56 $ at 10/12/2010 and is currently trading at 1.63 $.
3- G92.SI current support level is at 1.62 which is the 127.20 % fibonacci retracement of the last 0.05 $ move.
4- G92.SI current resistance level is at 1.64 which is the 161.80 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
ChinaAOil (G92.SI) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.560 and 1.490, and is currently supporting at 1.569.
ChinaAOil (G92.SI) Mid term stock chart patterns for internet stock trading :

Stock Trading Conclusion:
ChinaAOil (G92.SI) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 1.64.
Stock Support levels : 1.62, 1.61, 1.60, 1.59, 1.58,1.57, 1.56, 1.44,.