Today we will analyze the stock XTEP INT’L (1368.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in XTEP INT’L (1368.HK)
1- Last bearish trend was from 3.71 $ (4/16/2012) to 3.37 $ (4/24/2012) a 0.34 $ move 2- The current bullish trend started from 3.37 $ at 4/24/2012 and is currently trading at 3.48 $.
3- 1368.HK current support level is at 3.45 which is the 23.60 % fibonacci retracement of the last 0.34 $ move.
4- 1368.HK current resistance level is at 3.50 which is the 38.20 % fibonacci retracement of the last 0.34 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
XTEP INT’L (1368.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 3.370 .
XTEP INT’L (1368.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 3.380 and 2.870 that was broken down at 3.600 transforming into a resistance line.
XTEP INT’L (1368.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 2.870 and 2.800, and is currently supporting at 3.026.

Stock Trading Conclusion:
XTEP INT’L (1368.HK) was trading in a strong bullish 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 : 3.50, 3.54, 3.58, 3.71, 3.80, 3.92, 4.01.
Stock Support levels : 3.45, 3.45, 3.44, 3.42, 3.41, 3.37, 3.36,.