Today we will analyze the stock CHINA MERCHANTS (0133.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CHINA MERCHANTS (0133.HK)
1- Last bearish trend was from 12.04 $ (8/18/2011) to 11.00 $ (8/26/2011) a 1.04 $ move 2- The current bullish trend started from 11.00 $ at 8/26/2011 and is currently trading at 11.54 $.
3- 0133.HK current support level is at 11.52 which is the 50.00 % fibonacci retracement of the last 1.04 $ move.
4- 0133.HK current resistance level is at 11.64 which is the 61.80 % fibonacci retracement of the last 1.04 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CHINA MERCHANTS (0133.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 3.000 $ height triangle which was broken up at 11.540 in higher than usual volume, target of the pattern is 14.540.
CHINA MERCHANTS (0133.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 12.040 and 14.500 that was broken up at 11.540 transforming into a supporting line.
CHINA MERCHANTS (0133.HK) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 10.820 and 12.820,resistance between 14.500 and 17.460, the stock channel is currently supported from below by 9.906 and resisted from above by 11.935.

Stock Trading Conclusion:
CHINA MERCHANTS (0133.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 : 11.64, 12.04, 12.32, 12.68, 14.54.
Stock Support levels : 11.52, 11.41, 11.40, 11.34, 11.33, 11.30, 11.27, 11.25, 11.21, 11.00,.