Today we will analyze the stock QUNXING PAPER (3868.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in QUNXING PAPER (3868.HK)
1- Last bullish trend was from 2.51 $ (3/18/2011) to 2.59 $ (3/21/2011) a 0.08 $ move 2- The current bearish trend started from 2.59 $ at 3/21/2011 and is currently trading at 2.06 $.
3- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
QUNXING PAPER (3868.HK) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 2.590 and 2.920 that was broken up at 2.180 transforming into a supporting line.
QUNXING PAPER (3868.HK) Mid term stock chart patterns for internet stock trading :

None.
QUNXING PAPER (3868.HK) Long term stock chart patterns for internet stock trading :

5- The Stock formed Double Top Pattern at 2.920 .

Stock Trading Conclusion:
QUNXING PAPER (3868.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 : 2.19, 2.26, 2.32, 2.39, 2.59, 2.85.
Stock Support levels : -15.56.