Today we will analyze the stock VICTORY CITY (0539.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in VICTORY CITY (0539.HK)
1- Last bearish trend was from 0.78 $ (1/11/2012) to 0.75 $ (1/16/2012) a 0.03 $ move 2- The current bullish trend started from 0.75 $ at 1/16/2012 and is currently trading at 0.84 $.
3- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
VICTORY CITY (0539.HK) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 0.150 $ height triangle which was broken up at 0.770, target of the pattern is 0.920.
VICTORY CITY (0539.HK) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 0.870 and 0.920 that was broken up at 0.840 transforming into a supporting line.
VICTORY CITY (0539.HK) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 0.420 $ height triangle.

Stock Trading Conclusion:
VICTORY CITY (0539.HK) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 0.870, 0.920.
Stock Support levels : 0.819, 0.806, 0.795, 0.789, 0.784, 0.750,.