Today we will analyze the stock SOLOMON SYSTECH (2878.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in SOLOMON SYSTECH (2878.HK)
1- Last bullish trend was from 0.21 $ (4/11/2012) to 0.22 $ (4/16/2012) a 0.01 $ move 2- The current bearish trend started from 0.22 $ at 4/16/2012 and is currently trading at 0.21 $.
3- 2878.HK current support level is at 0.21 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- 2878.HK current resistance level is at 0.21 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SOLOMON SYSTECH (2878.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.220 .
7- The Stock formed a 0.020 $ height triangle which was broken down at 0.210, target of the pattern is 0.190.
SOLOMON SYSTECH (2878.HK) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.270 and 0.280, and is currently resisting at 0.237.
SOLOMON SYSTECH (2878.HK) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 0.270 and 0.280, and is currently resisting at 0.237.

Stock Trading Conclusion:
SOLOMON SYSTECH (2878.HK) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 0.212, 0.214, 0.215, 0.215, 0.216, 0.218, 0.220, 0.237, 0.263.
Stock Support levels : 0.207, 0.204,.