Today we will analyze the stock LUOYANG GLASS (1108.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in LUOYANG GLASS (1108.HK)
1- Last bearish trend was from 1.34 $ (3/4/2014) to 1.29 $ (3/6/2014) a 0.05 $ move 2- The current bullish trend started from 1.29 $ at 3/6/2014 and is currently trading at 1.30 $.
3- 1108.HK current support level is at 1.29 which is the 0.00 % fibonacci retracement of the last 0.05 $ move.
4- 1108.HK current resistance level is at 1.30 which is the 23.60 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
LUOYANG GLASS (1108.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 1.340 .
7- The Stock formed a 0.080 $ height triangle.
LUOYANG GLASS (1108.HK) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 1.450 and 1.540, and is currently resisting at 1.366.
LUOYANG GLASS (1108.HK) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 1.540 and 1.760 that was broken up at 1.300 transforming into a supporting line.

Stock Trading Conclusion:
LUOYANG GLASS (1108.HK) was trading in a 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 : 1.30, 1.31, 1.32, 1.32, 1.34, 1.35, 1.37, 1.37.
Stock Support levels : 1.30, 1.30, 1.29, 1.29, 1.29,.