Today we will analyze the stock XIAMEN PORT (3378.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in XIAMEN PORT (3378.HK)
1- Last bearish trend was from 1.17 $ (3/27/2012) to 0.99 $ (4/30/2012) a 0.18 $ move 2- The current bullish trend started from 0.99 $ at 4/30/2012 and is currently trading at 1.01 $.
3- 3378.HK current support level is at 0.99 which is the 0.00 % fibonacci retracement of the last 0.18 $ move.
4- 3378.HK current resistance level is at 1.03 which is the 23.60 % fibonacci retracement of the last 0.18 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
XIAMEN PORT (3378.HK) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 0.990 and 1.130,resistance between 1.170 and 1.320, the stock channel is currently supported from below by 0.971 and resisted from above by 1.037.
XIAMEN PORT (3378.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.050 and 1.020 that was broken down at 1.170 transforming into a resistance line.
XIAMEN PORT (3378.HK) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 1.020 and 0.950,resistance between 1.320 and 1.170 which was broken down at 1.110 in higher than usual volume.

Stock Trading Conclusion:
XIAMEN PORT (3378.HK) was trading in a strong 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 : 1.03, 1.06, 1.08, 1.10, 1.13, 1.17, 1.21, 1.22, 1.23, 1.28.
Stock Support levels : 1.01, 1.00, 1.00, 1.00, 0.99,.