Today we will analyze the stock HOYA CORP SPONS ADR (HOCPY.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in HOYA CORP SPONS ADR (HOCPY.PK)
1- Last bullish trend was from 21.84 $ (4/4/2012) to 23.31 $ (4/26/2012) a 1.47 $ move 2- The current bearish trend started from 23.31 $ at 4/26/2012 and is currently trading at 22.33 $.
3- HOCPY.PK current support level is at 21.84 which is the 100.00 % fibonacci retracement of the last 1.47 $ move.
4- HOCPY.PK current resistance level is at 22.40 which is the 61.80 % fibonacci retracement of the last 1.47 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
HOYA CORP SPONS ADR (HOCPY.PK) Short term stock chart patterns for internet stock trading :

None.
HOYA CORP SPONS ADR (HOCPY.PK) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 4.360 $ height triangle which was broken down at 22.330, target of the pattern is 17.970.
HOYA CORP SPONS ADR (HOCPY.PK) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
HOYA CORP SPONS ADR (HOCPY.PK) was trading in a bearish wave, which is becoming stronger .
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 : 22.37, 22.40, 22.56, 22.58, 22.70, 22.75, 22.82, 22.94, 22.96, 23.31,.
Stock Support levels : 21.84, 21.44, 20.93,.