Today we will analyze the stock ICBC (ASIA) (0349.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in ICBC (ASIA) (0349.HK)
1- Last bearish trend was from 21.13 $ (6/25/2010) to 19.99 $ (7/8/2010) a 1.14 $ move 2- The current bullish trend started from 19.99 $ at 7/8/2010 and is currently trading at 29.40 $.
3- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
ICBC (ASIA) (0349.HK) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 19.990 and 17.390 that was broken down at 29.350 transforming into a resistance line.
ICBC (ASIA) (0349.HK) Mid term stock chart patterns for internet stock trading :

5- The Stock traded in a bearish stock channel identifed by support at 17.390 and 18.000,resistance between 19.230 and 20.330 which was broken up at 18.950.
ICBC (ASIA) (0349.HK) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 17.390 and 14.750, and is currently supporting at 22.327.

Stock Trading Conclusion:
ICBC (ASIA) (0349.HK) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 30.30.
Stock Support levels : 27.18, 25.81, 24.69, 23.58, 22.33, 19.99,.