Today we will analyze the stock RENHE COMM (1387.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in RENHE COMM (1387.HK)
1- Last bearish trend was from 0.42 $ (2/19/2014) to 0.38 $ (2/26/2014) a 0.04 $ move 2- The current bullish trend started from 0.38 $ at 2/26/2014 and is currently trading at 0.49 $.
3- According to ADX Indicator, the trend is currently bullish, 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.
RENHE COMM (1387.HK) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Top Pattern at 0.420 that failed, and formed a support .
RENHE COMM (1387.HK) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Bottom Pattern at 0.380 .
6- The Stock formed a 0.050 $ height triangle which was broken up at 0.420 in higher than usual volume, target of the pattern is 0.470.
RENHE COMM (1387.HK) Long term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.380 .
8- The Stock formed a 0.120 $ height triangle which was broken up at 0.410 in higher than usual volume, target of the pattern is 0.530.

Stock Trading Conclusion:
RENHE COMM (1387.HK) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 0.530.
Stock Support levels : 0.464, 0.448, 0.435, 0.422, 0.420, 0.415, 0.389, 0.380,.