Today we will analyze the stock CHEUNG KONG (0001.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CHEUNG KONG (0001.HK)
1- Last bearish trend was from 91.55 $ (12/7/2011) to 88.00 $ (12/15/2011) a 3.55 $ move 2- The current bullish trend started from 88.00 $ at 12/15/2011 and is currently trading at 104.30 $.
3- According to ADX Indicator, the trend is currently strong bullish, 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.
CHEUNG KONG (0001.HK) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 12.450 $ height triangle which was broken up at 90.000 in higher than usual volume, target of the pattern is 102.450.
CHEUNG KONG (0001.HK) Mid term stock chart patterns for internet stock trading :

None.
CHEUNG KONG (0001.HK) Long term stock chart patterns for internet stock trading :

5- The Stock formed a 42.200 $ height triangle which was broken up at 90.500 in higher than usual volume, target of the pattern is 132.700.

Stock Trading Conclusion:
CHEUNG KONG (0001.HK) was trading in a strong bullish wave, which is becoming stronger .
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 : 132.70.
Stock Support levels : 100.45, 98.07, 96.15, 94.23, 88.00, 81.75,.