Today we will analyze the stock HK and CHINA GAS (0003.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in HK and CHINA GAS (0003.HK)
1- Last bullish trend was from 19.67 $ (3/30/2012) to 20.27 $ (4/5/2012) a 0.60 $ move 2- The current bearish trend started from 20.27 $ at 4/5/2012 and is currently trading at 19.73 $.
3- 0003.HK current support level is at 19.67 which is the 100.00 % fibonacci retracement of the last 0.60 $ move.
4- 0003.HK current resistance level is at 19.90 which is the 61.80 % fibonacci retracement of the last 0.60 $ move.
5- According to ADX Indicator, the trend is currently 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.
HK and CHINA GAS (0003.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 20.270 .
7- The Stock formed a 2.640 $ height triangle which was broken down at 20.070 in higher than usual volume, target of the pattern is 17.430.
HK and CHINA GAS (0003.HK) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 16.610 .
9- The Stock formed a 2.250 $ height triangle which was broken up at 17.680, target of the pattern is 19.930.
HK and CHINA GAS (0003.HK) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Bottom Pattern at 16.610 .
11- The Stock formed a 2.250 $ height triangle which was broken up at 17.680, target of the pattern is 19.930.

Stock Trading Conclusion:
HK and CHINA GAS (0003.HK) was trading in a 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 : 19.86, 19.90, 19.93, 19.94, 19.97, 20.00, 20.04, 20.06, 20.13, 20.17, 20.23, 20.27, 20.49.
Stock Support levels : 19.67, 19.51, 19.30, 17.43, 16.66, 16.64,.