Today we will analyze the stock MORNING STAR (0542.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in MORNING STAR (0542.HK)
1- Last bearish trend was from 0.18 $ (4/27/2012) to 0.17 $ (5/3/2012) a 0.01 $ move 2- The current bullish trend started from 0.17 $ at 5/3/2012 and is currently trading at 0.18 $.
3- 0542.HK current support level is at 0.18 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
4- 0542.HK current resistance level is at 0.18 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
MORNING STAR (0542.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.170 and 0.140, and is currently supporting at 0.172.
MORNING STAR (0542.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.140 .
8- The Stock formed Double Top Pattern at 0.160 that failed, and formed a support .
MORNING STAR (0542.HK) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 0.140 .
10- The Stock formed Double Top Pattern at 0.160 that failed, and formed a support .

Stock Trading Conclusion:
MORNING STAR (0542.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 : 0.183, 0.186.
Stock Support levels : 0.178, 0.176, 0.175, 0.174, 0.172, 0.172, 0.170, 0.160, 0.140,.