Today we will analyze the stock PEARLRIVER TYRE (1187.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in PEARLRIVER TYRE (1187.HK)
1- Last bullish trend was from 2.68 $ (11/19/2013) to 2.98 $ (12/10/2013) a 0.30 $ move 2- The current bearish trend started from 2.98 $ at 12/10/2013 and is currently trading at 2.70 $.
3- 1187.HK current support level is at 2.68 which is the 100.00 % fibonacci retracement of the last 0.30 $ move.
4- 1187.HK current resistance level is at 2.79 which is the 61.80 % fibonacci retracement of the last 0.30 $ move.
5- 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.
PEARLRIVER TYRE (1187.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2.680 and 2.500 that was broken down at 2.700 transforming into a resistance line.
PEARLRIVER TYRE (1187.HK) Mid term stock chart patterns for internet stock trading :

None.
PEARLRIVER TYRE (1187.HK) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PEARLRIVER TYRE (1187.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 : 2.77, 2.79, 2.81, 2.83, 2.84, 2.87, 2.87, 2.91, 2.92, 2.98,.
Stock Support levels : 2.68, 2.60,.