Today we will analyze the stock ANHUI CONCH (0914.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in ANHUI CONCH (0914.HK)
1- Last bullish trend was from 24.70 $ (4/17/2012) to 26.00 $ (4/30/2012) a 1.30 $ move 2- The current bearish trend started from 26.00 $ at 4/30/2012 and is currently trading at 24.35 $.
3- 0914.HK current support level is at 24.35 which is the 127.20 % fibonacci retracement of the last 1.30 $ move.
4- 0914.HK current resistance level is at 24.70 which is the 100.00 % fibonacci retracement of the last 1.30 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
ANHUI CONCH (0914.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 4.150 $ height triangle which was broken down at 25.850 in higher than usual volume, target of the pattern is 21.700.
ANHUI CONCH (0914.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 26.700 and 27.900, and is currently resisting at 26.206.
ANHUI CONCH (0914.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 22.550 and 21.200, and is currently supporting at 23.187.

Stock Trading Conclusion:
ANHUI CONCH (0914.HK) was trading in a 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 : 24.70, 24.74, 24.98, 25.18, 25.20, 25.35, 25.37, 25.50, 25.69, 26.00, 26.21, 26.68.
Stock Support levels : 24.35, 23.90, 23.19,.