Today we will analyze the stock QINGLING MOTORS (1122.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in QINGLING MOTORS (1122.HK)
1- Last bullish trend was from 2.23 $ (3/3/2014) to 2.30 $ (3/6/2014) a 0.07 $ move 2- The current bearish trend started from 2.30 $ at 3/6/2014 and is currently trading at 2.22 $.
3- 1122.HK current support level is at 2.21 which is the 127.20 % fibonacci retracement of the last 0.07 $ move.
4- 1122.HK current resistance level is at 2.23 which is the 100.00 % fibonacci retracement of the last 0.07 $ 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.
QINGLING MOTORS (1122.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.210 $ height triangle which was broken down at 2.220, target of the pattern is 2.010.
QINGLING MOTORS (1122.HK) Mid term stock chart patterns for internet stock trading :

None.
QINGLING MOTORS (1122.HK) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 2.130 and 1.800, and is currently supporting at 2.217.

Stock Trading Conclusion:
QINGLING MOTORS (1122.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 : 2.23, 2.24, 2.25, 2.25, 2.26, 2.26, 2.26, 2.27, 2.27, 2.28, 2.30,.
Stock Support levels : 2.22, 2.21, 2.19,.