Today we will analyze the stock YANZHOU COAL (1171.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in YANZHOU COAL (1171.HK)
1- Last bullish trend was from 5.71 $ (2/4/2014) to 6.15 $ (2/12/2014) a 0.44 $ move 2- The current bearish trend started from 6.15 $ at 2/12/2014 and is currently trading at 5.15 $.
3- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
YANZHOU COAL (1171.HK) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 6.150 and 6.410, and is currently resisting at 5.890.
YANZHOU COAL (1171.HK) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 6.150 and 8.630, and is currently resisting at 5.380.
YANZHOU COAL (1171.HK) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 7.370 and 5.260 that was broken down at 8.520 transforming into a resistance line.

Stock Trading Conclusion:
YANZHOU COAL (1171.HK) was trading in a strong bearish wave, which is becoming stronger .
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 : 5.38, 5.39, 5.53, 5.65, 5.77, 5.89, 6.15, 11.71.
Stock Support levels :.