Today we will analyze the stock PCCW (0008.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in PCCW (0008.HK)
1- Last bearish trend was from 2.88 $ (4/17/2012) to 2.79 $ (4/18/2012) a 0.09 $ move 2- The current bullish trend started from 2.79 $ at 4/18/2012 and is currently trading at 2.93 $.
3- 0008.HK current support level is at 2.90 which is the 127.20 % fibonacci retracement of the last 0.09 $ move.
4- 0008.HK current resistance level is at 2.94 which is the 161.80 % fibonacci retracement of the last 0.09 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PCCW (0008.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 2.790 .
7- The Stock formed a 0.310 $ height triangle which was broken up at 2.860 in higher than usual volume, target of the pattern is 3.170.
PCCW (0008.HK) Mid term stock chart patterns for internet stock trading :

None.
PCCW (0008.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 3.090 and 3.210, and is currently resisting at 3.046.

Stock Trading Conclusion:
PCCW (0008.HK) was trading in a bearish wave, which is becoming weaker .
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 : 2.94, 3.05, 3.17.
Stock Support levels : 2.90, 2.90, 2.88, 2.88, 2.86, 2.85, 2.84, 2.84, 2.82, 2.81, 2.80, 2.79, 2.79,.