Today we will analyze the stock DONGFENG GROUP (0489.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in DONGFENG GROUP (0489.HK)
1- Last bullish trend was from 14.42 $ (4/23/2012) to 15.32 $ (4/30/2012) a 0.90 $ move 2- The current bearish trend started from 15.32 $ at 4/30/2012 and is currently trading at 14.10 $.
3- 0489.HK current support level is at 13.86 which is the 161.80 % fibonacci retracement of the last 0.90 $ move.
4- 0489.HK current resistance level is at 14.18 which is the 127.20 % fibonacci retracement of the last 0.90 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
DONGFENG GROUP (0489.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 14.420 and 13.740 that was broken down at 14.880 transforming into a resistance line.
DONGFENG GROUP (0489.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 3.820 $ height triangle.
DONGFENG GROUP (0489.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 13.240 and 11.820, and is currently supporting at 13.741.

Stock Trading Conclusion:
DONGFENG GROUP (0489.HK) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 14.18, 14.22, 14.39, 14.42, 14.57, 14.71, 14.76, 14.85, 14.87, 14.98, 15.10, 15.11, 15.32,.
Stock Support levels : 13.86,.