Today we will analyze the stock CHEUK NANG HOLD (0131.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CHEUK NANG HOLD (0131.HK)
1- Last bearish trend was from 3.00 $ (1/26/2012) to 2.85 $ (1/31/2012) a 0.15 $ move 2- The current bullish trend started from 2.85 $ at 1/31/2012 and is currently trading at 2.95 $.
3- 0131.HK current support level is at 2.94 which is the 61.80 % fibonacci retracement of the last 0.15 $ move.
4- 0131.HK current resistance level is at 3.00 which is the 100.00 % fibonacci retracement of the last 0.15 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CHEUK NANG HOLD (0131.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2.850 and 2.800, and is currently supporting at 2.864.
CHEUK NANG HOLD (0131.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 2.970 and 3.200 that was broken up at 2.650 transforming into a supporting line.
CHEUK NANG HOLD (0131.HK) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
CHEUK NANG HOLD (0131.HK) was trading in a bullish 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 : 3.00, 3.04, 3.09.
Stock Support levels : 2.94, 2.93, 2.92, 2.91, 2.91, 2.90, 2.89, 2.89, 2.86, 2.85, 2.70,.