Today we will analyze the stock HK ELECTRIC (0006.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in HK ELECTRIC (0006.HK)
1- Last bearish trend was from 57.78 $ (3/13/2012) to 54.72 $ (3/23/2012) a 3.06 $ move 2- The current bullish trend started from 54.72 $ at 3/23/2012 and is currently trading at 56.95 $.
3- 0006.HK current support level is at 56.61 which is the 61.80 % fibonacci retracement of the last 3.06 $ move.
4- 0006.HK current resistance level is at 57.78 which is the 100.00 % fibonacci retracement of the last 3.06 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
HK ELECTRIC (0006.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 54.720 and 51.760, and is currently supporting at 56.552.
HK ELECTRIC (0006.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 58.940 and 62.000 that was broken up at 52.050 transforming into a supporting line.
HK ELECTRIC (0006.HK) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 62.000 .

Stock Trading Conclusion:
HK ELECTRIC (0006.HK) was trading in a bullish 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 : 57.78, 58.61, 59.67, 60.64.
Stock Support levels : 56.61, 56.55, 56.42, 56.25, 56.10, 55.89, 55.83, 55.57, 55.44, 54.72,.