Today we will analyze the stock SHANSHUI CEMENT (0691.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in SHANSHUI CEMENT (0691.HK)
1- Last bearish trend was from 6.42 $ (4/13/2012) to 6.06 $ (4/18/2012) a 0.36 $ move 2- The current bullish trend started from 6.06 $ at 4/18/2012 and is currently trading at 6.10 $.
3- 0691.HK current support level is at 6.06 which is the 0.00 % fibonacci retracement of the last 0.36 $ move.
4- 0691.HK current resistance level is at 6.14 which is the 23.60 % fibonacci retracement of the last 0.36 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SHANSHUI CEMENT (0691.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 6.420 .
SHANSHUI CEMENT (0691.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 5.130 and 4.640, and is currently supporting at 5.361.
SHANSHUI CEMENT (0691.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 5.130 and 4.640, and is currently supporting at 5.361.

Stock Trading Conclusion:
SHANSHUI CEMENT (0691.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 : 6.14, 6.20, 6.24, 6.28, 6.42, 6.43, 6.46, 6.52, 6.64.
Stock Support levels : 6.09, 6.08, 6.08, 6.08, 6.06, 5.36,.