Today we will analyze the stock TAN CHONG INT’L (0693.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in TAN CHONG INT’L (0693.HK)
1- Last bullish trend was from 1.85 $ (4/27/2012) to 1.93 $ (4/30/2012) a 0.08 $ move 2- The current bearish trend started from 1.93 $ at 4/30/2012 and is currently trading at 1.85 $.
3- 0693.HK current support level is at 1.83 which is the 127.20 % fibonacci retracement of the last 0.08 $ move.
4- 0693.HK current resistance level is at 1.85 which is the 100.00 % fibonacci retracement of the last 0.08 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
TAN CHONG INT’L (0693.HK) Short term stock chart patterns for internet stock trading :

7- The Stock formed a 0.170 $ height triangle which was broken down at 1.850, target of the pattern is 1.680.
TAN CHONG INT’L (0693.HK) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 1.940 .
TAN CHONG INT’L (0693.HK) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 1.760 and 1.710, and is currently supporting at 1.775.

Stock Trading Conclusion:
TAN CHONG INT’L (0693.HK) was trading in a strong bullish 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 : 1.87, 1.88, 1.88, 1.89, 1.90, 1.91, 1.93, 1.94,.
Stock Support levels : 1.83, 1.80, 1.77,.