Today we will analyze the stock CHINA DONGXIANG GRP (CDGXF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in CHINA DONGXIANG GRP (CDGXF.PK)
1- Last bullish trend was from 0.16 $ (1/10/2012) to 0.17 $ (5/4/2012) a 0.01 $ move 2- The current bearish trend started from 0.17 $ at 5/4/2012 and is currently trading at 0.12 $.
3- According to ADX Indicator, the trend is currently strong 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.
CHINA DONGXIANG GRP (CDGXF.PK) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 0.070 $ height triangle which was broken down at 0.170, target of the pattern is 0.100.
CHINA DONGXIANG GRP (CDGXF.PK) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 0.070 $ height triangle which was broken down at 0.170, target of the pattern is 0.100.
CHINA DONGXIANG GRP (CDGXF.PK) Long term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 0.150 and 0.530,resistance between 0.220 and 0.600 which was broken up at 0.170.

Stock Trading Conclusion:
CHINA DONGXIANG GRP (CDGXF.PK) was trading in a strong 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 : 0.132, 0.139, 0.145, 0.151, 0.170, 0.174,.
Stock Support levels : 0.109, 0.100,.