Today we will analyze the stock AAC ACOUSTIC (2018.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in AAC ACOUSTIC (2018.HK)
1- Last bullish trend was from 33.85 $ (2/26/2014) to 35.15 $ (2/28/2014) a 1.30 $ move 2- The current bearish trend started from 35.15 $ at 2/28/2014 and is currently trading at 33.75 $.
3- 2018.HK current support level is at 33.50 which is the 127.20 % fibonacci retracement of the last 1.30 $ move.
4- 2018.HK current resistance level is at 33.85 which is the 100.00 % fibonacci retracement of the last 1.30 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
AAC ACOUSTIC (2018.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 3.350 $ height triangle which was broken up at 34.750, target of the pattern is 38.100 which was broken down at 33.750, target of the pattern is 30.400.
AAC ACOUSTIC (2018.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 36.600 and 40.550, and is currently resisting at 35.246.
AAC ACOUSTIC (2018.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 32.950 and 30.000 that was broken down at 34.150 transforming into a resistance line.

Stock Trading Conclusion:
AAC ACOUSTIC (2018.HK) was trading in a bearish wave, which is becoming stronger .
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 : 33.85, 34.08, 34.15, 34.28, 34.35, 34.45, 34.50, 34.53, 34.62, 34.65, 34.84, 35.15, 35.25, 38.10.
Stock Support levels : 33.70, 33.50, 33.05,.