Today we will analyze the stock ZHAOJIN MINING (1818.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in ZHAOJIN MINING (1818.HK)
1- Last bullish trend was from 5.12 $ (2/27/2014) to 5.48 $ (3/3/2014) a 0.36 $ move 2- The current bearish trend started from 5.48 $ at 3/3/2014 and is currently trading at 5.14 $.
3- 1818.HK current support level is at 5.12 which is the 100.00 % fibonacci retracement of the last 0.36 $ move.
4- 1818.HK current resistance level is at 5.26 which is the 61.80 % fibonacci retracement of the last 0.36 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
ZHAOJIN MINING (1818.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 5.480 .
ZHAOJIN MINING (1818.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 1.130 $ height triangle which was broken down at 5.230, target of the pattern is 4.100.
ZHAOJIN MINING (1818.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 7.400 and 7.500, and is currently resisting at 6.392.

Stock Trading Conclusion:
ZHAOJIN MINING (1818.HK) was trading in a strong bullish wave, which is becoming weaker .
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 : 5.22, 5.26, 5.27, 5.30, 5.31, 5.34, 5.35, 5.40, 5.43, 5.48, 5.49, 6.39.
Stock Support levels : 5.12, 5.02, 4.90,.