Today we will analyze the stock MING FUNG JEWEL (0860.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in MING FUNG JEWEL (0860.HK)
1- Last bullish trend was from 0.44 $ (4/30/2012) to 0.46 $ (5/2/2012) a 0.02 $ move 2- The current bearish trend started from 0.46 $ at 5/2/2012 and is currently trading at 0.45 $.
3- 0860.HK current support level is at 0.45 which is the 61.80 % fibonacci retracement of the last 0.02 $ move.
4- 0860.HK current resistance level is at 0.45 which is the 50.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
MING FUNG JEWEL (0860.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.460 and 0.490, and is currently resisting at 0.453.
MING FUNG JEWEL (0860.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.460 and 0.540,resistance between 0.490 and 0.590 which was broken up at 0.450 in higher than usual volume.
MING FUNG JEWEL (0860.HK) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.160 $ height triangle which was broken down at 0.560 in higher than usual volume, target of the pattern is 0.400.

Stock Trading Conclusion:
MING FUNG JEWEL (0860.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 : 0.452, 0.453, 0.454, 0.455, 0.455, 0.456, 0.460, 0.658.
Stock Support levels : 0.448, 0.448, 0.440, 0.435, 0.428,.