Today we will analyze the stock SINO GOLD (1862.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in SINO GOLD (1862.HK)
1- Last bullish trend was from 55.00 $ (11/27/2009) to 60.60 $ (12/3/2009) a 5.60 $ move 2- The current bearish trend started from 60.60 $ at 12/3/2009 and is currently trading at 57.60 $.
3- 1862.HK current support level is at 57.14 which is the 61.80 % fibonacci retracement of the last 5.60 $ move.
4- 1862.HK current resistance level is at 57.80 which is the 50.00 % fibonacci retracement of the last 5.60 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
SINO GOLD (1862.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 55.000 and 45.900 that was broken down at 57.600 transforming into a resistance line.
SINO GOLD (1862.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 45.900 and 42.800,resistance between 52.100 and 49.550, the stock channel is currently supported from below by 50.624 and resisted from above by 58.050.
SINO GOLD (1862.HK) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 45.900 and 42.800,resistance between 52.100 and 49.550, the stock channel is currently supported from below by 50.624 and resisted from above by 58.050.

Stock Trading Conclusion:
SINO GOLD (1862.HK) was trading in a bullish 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 : 57.80, 58.31, 58.46, 58.75, 59.10, 59.28, 59.45, 60.46, 60.60,.
Stock Support levels : 57.14, 55.00, 53.48,.