Today we will analyze the stock ECOGREEN (2341.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in ECOGREEN (2341.HK)
1- Last bullish trend was from 1.48 $ (4/17/2012) to 1.55 $ (4/18/2012) a 0.07 $ move 2- The current bearish trend started from 1.55 $ at 4/18/2012 and is currently trading at 1.49 $.
3- 2341.HK current support level is at 1.48 which is the 100.00 % fibonacci retracement of the last 0.07 $ move.
4- 2341.HK current resistance level is at 1.51 which is the 61.80 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
ECOGREEN (2341.HK) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 1.480 and 1.530,resistance between 1.550 and 1.590 which was broken up at 1.520 in higher than usual volume.
ECOGREEN (2341.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.950 and 1.480 that was broken down at 2.000 transforming into a resistance line.
ECOGREEN (2341.HK) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
ECOGREEN (2341.HK) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 1.50, 1.51, 1.51, 1.51, 1.52, 1.52, 1.53, 1.53, 1.55, 1.67, 2.39.
Stock Support levels : 1.48, 1.46, 1.44,.