Today we will analyze the stock YURUN FOOD (1068.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in YURUN FOOD (1068.HK)
1- Last bullish trend was from 4.50 $ (2/25/2014) to 4.76 $ (2/27/2014) a 0.26 $ move 2- The current bearish trend started from 4.76 $ at 2/27/2014 and is currently trading at 4.48 $.
3- 1068.HK current support level is at 4.43 which is the 127.20 % fibonacci retracement of the last 0.26 $ move.
4- 1068.HK current resistance level is at 4.50 which is the 100.00 % fibonacci retracement of the last 0.26 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
YURUN FOOD (1068.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.410 $ height triangle which was broken down at 4.480 in higher than usual volume, target of the pattern is 4.070.
YURUN FOOD (1068.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 4.870 and 5.650, and is currently resisting at 4.589.
YURUN FOOD (1068.HK) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
YURUN FOOD (1068.HK) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 4.50, 4.53, 4.55, 4.59, 4.59, 4.60, 4.62, 4.63, 4.65, 4.66, 4.70, 4.76, 4.87.
Stock Support levels : 4.43, 4.34,.