Today we will analyze the stock SINOTRUK (3808.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in SINOTRUK (3808.HK)
1- Last bullish trend was from 3.84 $ (2/5/2014) to 4.22 $ (3/4/2014) a 0.38 $ move 2- The current bearish trend started from 4.22 $ at 3/4/2014 and is currently trading at 4.00 $.
3- 3808.HK current support level is at 3.99 which is the 61.80 % fibonacci retracement of the last 0.38 $ move.
4- 3808.HK current resistance level is at 4.03 which is the 50.00 % fibonacci retracement of the last 0.38 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SINOTRUK (3808.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 3.840 .
SINOTRUK (3808.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 3.840 and 3.810, and is currently supporting at 3.846.
SINOTRUK (3808.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 3.840 and 3.810, and is currently supporting at 3.846.

Stock Trading Conclusion:
SINOTRUK (3808.HK) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 4.03, 4.05, 4.07, 4.08, 4.11, 4.13, 4.14, 4.22,.
Stock Support levels : 3.99, 3.85, 3.84, 3.74,.