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 0.33 $ (2/4/2014) to 0.36 $ (2/19/2014) a 0.03 $ move 2- The current bearish trend started from 0.36 $ at 2/19/2014 and is currently trading at 0.34 $.
3- 1198.HK current support level is at 0.33 which is the 100.00 % fibonacci retracement of the last 0.03 $ move.
4- 1198.HK current resistance level is at 0.34 which is the 61.80 % fibonacci retracement of the last 0.03 $ 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 formed Double Top Pattern at 0.360 .
ROYALE FURN (1198.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.330 .
8- The Stock formed a 0.160 $ height triangle which was broken up at 0.340 in higher than usual volume, target of the pattern is 0.500.
ROYALE FURN (1198.HK) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 0.330 .
10- The Stock formed a 0.160 $ height triangle which was broken up at 0.340 in higher than usual volume, target of the pattern is 0.500.

Stock Trading Conclusion:
ROYALE FURN (1198.HK) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.341, 0.345, 0.345, 0.348, 0.349, 0.350, 0.352, 0.353, 0.360, 0.500,.
Stock Support levels : 0.330, 0.329, 0.322,.