Today we will analyze the stock FUFENG GROUP (0546.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in FUFENG GROUP (0546.HK)
1- Last bearish trend was from 3.45 $ (4/12/2012) to 3.03 $ (4/25/2012) a 0.42 $ move 2- The current bullish trend started from 3.03 $ at 4/25/2012 and is currently trading at 3.12 $.
3- 0546.HK current support level is at 3.03 which is the 0.00 % fibonacci retracement of the last 0.42 $ move.
4- 0546.HK current resistance level is at 3.13 which is the 23.60 % fibonacci retracement of the last 0.42 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
FUFENG GROUP (0546.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 3.450 and 3.780, and is currently resisting at 3.203.
FUFENG GROUP (0546.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.670 $ height triangle which was broken up at 3.150, target of the pattern is 3.820 which was broken down at 3.600 in higher than usual volume, target of the pattern is 2.930.
FUFENG GROUP (0546.HK) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1.600 $ height triangle which was broken down at 3.820, target of the pattern is 2.220.

Stock Trading Conclusion:
FUFENG GROUP (0546.HK) was trading in a strong bearish wave, which is becoming stronger .
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 : 3.13, 3.19, 3.20, 3.24, 3.29, 3.45, 3.56, 3.71, 3.80, 3.82, 4.35.
Stock Support levels : 3.10, 3.09, 3.08, 3.07, 3.06, 3.03, 2.93,.