Today we will analyze the stock EGANAGOLDPFEIL (0048.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in EGANAGOLDPFEIL (0048.HK)
1- Last bullish trend was from 0.69 $ (9/5/2007) to 0.77 $ (9/7/2007) a 0.08 $ move 2- The current bearish trend started from 0.77 $ at 9/7/2007 and is currently trading at 0.66 $.
3- 0048.HK current support level is at 0.64 which is the 161.80 % fibonacci retracement of the last 0.08 $ move.
4- 0048.HK current resistance level is at 0.67 which is the 127.20 % fibonacci retracement of the last 0.08 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
EGANAGOLDPFEIL (0048.HK) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 0.690 and 2.100,resistance between 0.770 and 2.190 which was broken up at 0.710.
EGANAGOLDPFEIL (0048.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.770 and 2.190 that was broken up at 0.710 transforming into a supporting line.
EGANAGOLDPFEIL (0048.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.770 and 2.570 that was broken up at 0.710 transforming into a supporting line.

Stock Trading Conclusion:
EGANAGOLDPFEIL (0048.HK) 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 : 0.668, 0.686, 0.690, 0.702, 0.715, 0.721, 0.728, 0.730, 0.739, 0.751, 0.770,.
Stock Support levels : 0.641, -94.030, -142.005,.