Today we will analyze the stock CHINA MOBIL SP ADR (CTMA.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in CHINA MOBIL SP ADR (CTMA.F)
1- Last bullish trend was from 34.38 $ (2/11/2014) to 36.25 $ (2/14/2014) a 1.87 $ move 2- The current bearish trend started from 36.25 $ at 2/14/2014 and is currently trading at 33.47 $.
3- CTMA.F current support level is at 33.22 which is the 161.80 % fibonacci retracement of the last 1.87 $ move.
4- CTMA.F current resistance level is at 33.87 which is the 127.20 % fibonacci retracement of the last 1.87 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
CHINA MOBIL SP ADR (CTMA.F) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 34.380 that failed and formed a resistance.
7- The Stock formed a 2.100 $ height triangle which was broken down at 34.040 in higher than usual volume, target of the pattern is 31.940.
CHINA MOBIL SP ADR (CTMA.F) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 36.450 and 38.090, and is currently resisting at 33.801.
CHINA MOBIL SP ADR (CTMA.F) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 8.130 $ height triangle which was broken down at 37.210, target of the pattern is 29.080.

Stock Trading Conclusion:
CHINA MOBIL SP ADR (CTMA.F) 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 : 33.80, 33.87, 34.13, 34.38, 34.43, 34.49, 34.53, 34.86, 35.09, 35.19, 35.32, 35.54, 35.81, 36.25, 38.43.
Stock Support levels : 33.22, 31.94,.