Today we will analyze the stock GOME (0493.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in GOME (0493.HK)
1- Last bearish trend was from 1.61 $ (4/17/2012) to 1.24 $ (5/2/2012) a 0.37 $ move 2- The current bullish trend started from 1.24 $ at 5/2/2012 and is currently trading at 1.31 $.
3- 0493.HK current support level is at 1.24 which is the 0.00 % fibonacci retracement of the last 0.37 $ move.
4- 0493.HK current resistance level is at 1.33 which is the 23.60 % fibonacci retracement of the last 0.37 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
GOME (0493.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.610 and 1.620, and is currently resisting at 1.593.
GOME (0493.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 1.460 and 2.170,resistance between 1.610 and 2.320 which was broken up at 1.260.
GOME (0493.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 1.610 and 2.380 that was broken up at 1.310 transforming into a supporting line.

Stock Trading Conclusion:
GOME (0493.HK) was trading in a strong bearish wave, which is becoming stronger .
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 : 1.33, 1.38, 1.42, 1.47, 1.59, 1.61, 1.71, 1.84.
Stock Support levels : 1.29, 1.29, 1.28, 1.27, 1.27, 1.24,.