Today we will analyze the stock ROYALE FURN (1198.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in ROYALE FURN (1198.HK)
1- Last bullish trend was from 2.30 $ (4/2/2012) to 2.48 $ (4/20/2012) a 0.18 $ move 2- The current bearish trend started from 2.48 $ at 4/20/2012 and is currently trading at 2.35 $.
3- 1198.HK current support level is at 2.30 which is the 100.00 % fibonacci retracement of the last 0.18 $ move.
4- 1198.HK current resistance level is at 2.37 which is the 61.80 % fibonacci retracement of the last 0.18 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
ROYALE FURN (1198.HK) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 2.300 and 2.510,resistance between 2.480 and 2.790, the stock channel is currently supported from below by 1.977 and resisted from above by 2.353.
ROYALE FURN (1198.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 2.790 .
ROYALE FURN (1198.HK) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 2.790 .
9- The Stock formed a 1.020 $ height triangle which was broken down at 2.590, target of the pattern is 1.570.

Stock Trading Conclusion:
ROYALE FURN (1198.HK) was trading in a bearish 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 : 2.37, 2.38, 2.39, 2.40, 2.41, 2.41, 2.43, 2.44, 2.48, 2.81, 2.96.
Stock Support levels : 2.30, 2.25, 2.19,.