Today we will analyze the stock LK TECH (0558.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in LK TECH (0558.HK)
1- Last bullish trend was from 1.67 $ (4/26/2012) to 1.84 $ (4/30/2012) a 0.17 $ move 2- The current bearish trend started from 1.84 $ at 4/30/2012 and is currently trading at 1.71 $.
3- 0558.HK current support level is at 1.67 which is the 100.00 % fibonacci retracement of the last 0.17 $ move.
4- 0558.HK current resistance level is at 1.73 which is the 61.80 % fibonacci retracement of the last 0.17 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
LK TECH (0558.HK) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.670 and 1.620 that was broken down at 1.710 transforming into a resistance line.
LK TECH (0558.HK) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 1.620 and 1.590, and is currently supporting at 1.686.
LK TECH (0558.HK) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
LK TECH (0558.HK) was trading in a strong 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 : 1.71, 1.73, 1.74, 1.75, 1.76, 1.78, 1.78, 1.79, 1.80, 1.84,.
Stock Support levels : 1.69, 1.67, 1.62,.