Today we will analyze the stock HSBC HOLDINGS (0005.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in HSBC HOLDINGS (0005.HK)
1- Last bearish trend was from 70.90 $ (3/19/2012) to 66.35 $ (4/11/2012) a 4.55 $ move 2- The current bullish trend started from 66.35 $ at 4/11/2012 and is currently trading at 70.75 $.
3- 0005.HK current support level is at 69.16 which is the 61.80 % fibonacci retracement of the last 4.55 $ move.
4- 0005.HK current resistance level is at 70.90 which is the 100.00 % fibonacci retracement of the last 4.55 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
HSBC HOLDINGS (0005.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 70.900 and 71.650 that was broken up at 70.700 transforming into a supporting line.
HSBC HOLDINGS (0005.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 66.350 and 57.550, and is currently supporting at 68.279.
HSBC HOLDINGS (0005.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 70.150 and 91.610 that was broken up at 64.550 transforming into a supporting line.

Stock Trading Conclusion:
HSBC HOLDINGS (0005.HK) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 70.90, 72.14, 73.71.
Stock Support levels : 69.72, 69.71, 69.16, 69.07, 68.63, 68.55, 68.28, 68.09, 68.03, 67.42, 66.35,.