Today we will analyze the stock DAWNRAYS PHARMA (2348.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in DAWNRAYS PHARMA (2348.HK)
1- Last bullish trend was from 2.00 $ (1/13/2012) to 2.33 $ (1/17/2012) a 0.33 $ move 2- The current bearish trend started from 2.33 $ at 1/17/2012 and is currently trading at 2.12 $.
3- 2348.HK current support level is at 2.00 which is the 100.00 % fibonacci retracement of the last 0.33 $ move.
4- 2348.HK current resistance level is at 2.13 which is the 61.80 % fibonacci retracement of the last 0.33 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
DAWNRAYS PHARMA (2348.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 2.330 and 2.350, and is currently resisting at 2.285.
DAWNRAYS PHARMA (2348.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 2.330 and 2.350, and is currently resisting at 2.285.
DAWNRAYS PHARMA (2348.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 2.330 and 2.500, and is currently resisting at 2.245.

Stock Trading Conclusion:
DAWNRAYS PHARMA (2348.HK) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 2.13, 2.16, 2.17, 2.20, 2.20, 2.22, 2.24, 2.25, 2.25, 2.28, 2.33, 2.36, 2.50.
Stock Support levels : 2.00, 1.91,.