Today we will analyze the stock PACIFIC BASIN (2343.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in PACIFIC BASIN (2343.HK)
1- Last bullish trend was from 4.09 $ (4/17/2012) to 4.23 $ (4/20/2012) a 0.14 $ move 2- The current bearish trend started from 4.23 $ at 4/20/2012 and is currently trading at 4.05 $.
3- 2343.HK current support level is at 4.00 which is the 161.80 % fibonacci retracement of the last 0.14 $ move.
4- 2343.HK current resistance level is at 4.05 which is the 127.20 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PACIFIC BASIN (2343.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.590 $ height triangle which was broken down at 4.130, target of the pattern is 3.540.
PACIFIC BASIN (2343.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 4.390 .
PACIFIC BASIN (2343.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 4.370 and 4.440, and is currently resisting at 4.254.

Stock Trading Conclusion:
PACIFIC BASIN (2343.HK) was trading in a bearish 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 : 4.05, 4.09, 4.09, 4.12, 4.14, 4.14, 4.16, 4.16, 4.18, 4.20, 4.23, 4.25, 4.34, 4.40, 4.42.
Stock Support levels : 4.00,.