Today we will analyze the stock SINO-OCEAN LAND (3377.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in SINO-OCEAN LAND (3377.HK)
1- Last bullish trend was from 3.70 $ (4/11/2012) to 3.97 $ (4/13/2012) a 0.27 $ move 2- The current bearish trend started from 3.97 $ at 4/13/2012 and is currently trading at 3.58 $.
3- 3377.HK current support level is at 3.53 which is the 161.80 % fibonacci retracement of the last 0.27 $ move.
4- 3377.HK current resistance level is at 3.63 which is the 127.20 % fibonacci retracement of the last 0.27 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
SINO-OCEAN LAND (3377.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 3.700 and 3.610 that was broken down at 3.790 transforming into a resistance line.
SINO-OCEAN LAND (3377.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 3.520 and 4.160,resistance between 3.970 and 4.710, the stock channel is currently supported from below by 2.903 and resisted from above by 3.665.
SINO-OCEAN LAND (3377.HK) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1.990 $ height triangle which was broken down at 3.680 in higher than usual volume, target of the pattern is 1.690.

Stock Trading Conclusion:
SINO-OCEAN LAND (3377.HK) was trading in a bearish 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 : 3.63, 3.67, 3.70, 3.73, 3.78, 3.79, 3.80, 3.82, 3.84, 3.87, 3.91, 3.94, 3.97,.
Stock Support levels : 3.53,.