Today we will analyze the stock JINHUI HOLDINGS (0137.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in JINHUI HOLDINGS (0137.HK)
1- Last bearish trend was from 1.46 $ (4/25/2012) to 1.32 $ (4/27/2012) a 0.14 $ move 2- The current bullish trend started from 1.32 $ at 4/27/2012 and is currently trading at 1.50 $.
3- 0137.HK current support level is at 1.50 which is the 127.20 % fibonacci retracement of the last 0.14 $ move.
4- 0137.HK current resistance level is at 1.55 which is the 161.80 % fibonacci retracement of the last 0.14 $ 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.
JINHUI HOLDINGS (0137.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 1.460 that failed, and formed a support .
JINHUI HOLDINGS (0137.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1.460 and 1.480 that was broken up at 1.470 transforming into a supporting line.
JINHUI HOLDINGS (0137.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 1.320 and 1.210, and is currently supporting at 1.327.

Stock Trading Conclusion:
JINHUI HOLDINGS (0137.HK) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 1.55.
Stock Support levels : 1.50, 1.46, 1.46, 1.45, 1.43, 1.41, 1.41, 1.39, 1.39, 1.37, 1.35, 1.33, 1.32,.