Today we will analyze the stock OCEAN G CHEM (2882.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in OCEAN G CHEM (2882.HK)
1- Last bullish trend was from 0.43 $ (4/11/2012) to 0.49 $ (4/16/2012) a 0.06 $ move 2- The current bearish trend started from 0.49 $ at 4/16/2012 and is currently trading at 0.41 $.
3- 2882.HK current support level is at 0.39 which is the 161.80 % fibonacci retracement of the last 0.06 $ move.
4- 2882.HK current resistance level is at 0.41 which is the 127.20 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
6- Bullish Divergance in MACD Indicator .
OCEAN G CHEM (2882.HK) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.430 and 0.410 that was broken down at 0.460 transforming into a resistance line.
OCEAN G CHEM (2882.HK) Mid term stock chart patterns for internet stock trading :

None.
OCEAN G CHEM (2882.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.490 and 0.520, and is currently resisting at 0.481.

Stock Trading Conclusion:
OCEAN G CHEM (2882.HK) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.414, 0.429, 0.430, 0.441, 0.450, 0.453, 0.459, 0.460, 0.467, 0.476, 0.481, 0.490, 0.510.
Stock Support levels : 0.393.