Today we will analyze the stock MEXAN (0022.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in MEXAN (0022.HK)
1- Last bearish trend was from 0.11 $ (5/2/2012) to 0.10 $ (5/3/2012) a 0.01 $ move 2- The current bullish trend started from 0.10 $ at 5/3/2012 and is currently trading at 0.11 $.
3- 0022.HK current support level is at 0.11 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
4- 0022.HK current resistance level is at 0.11 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
MEXAN (0022.HK) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 0.100 $ and 0.110 $.

MEXAN (0022.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock is trading in a stock channel between 0.100 $ and 0.110 $.

MEXAN (0022.HK) Long term stock chart patterns for internet stock trading :

8- The Stock is trading in a stock channel between 0.100 $ and 0.110 $.


Stock Trading Conclusion:
MEXAN (0022.HK) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 0.113, 0.116.
Stock Support levels : 0.108, 0.106, 0.105, 0.104, 0.102, 0.100,.