Today we will analyze the stock EASYKNIT ENT (0616.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in EASYKNIT ENT (0616.HK)
1- Last bullish trend was from 0.23 $ (4/26/2012) to 0.24 $ (4/27/2012) a 0.01 $ move 2- The current bearish trend started from 0.24 $ at 4/27/2012 and is currently trading at 0.23 $.
3- 0616.HK current support level is at 0.23 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- 0616.HK current resistance level is at 0.23 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
EASYKNIT ENT (0616.HK) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 0.230 and 0.240,resistance between 0.240 and 0.250, the stock channel is currently supported from below by 0.220 and resisted from above by 0.232.
EASYKNIT ENT (0616.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.350 $ height triangle which was broken down at 0.480 in higher than usual volume, target of the pattern is 0.130.
EASYKNIT ENT (0616.HK) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.350 $ height triangle which was broken down at 0.480 in higher than usual volume, target of the pattern is 0.130.

Stock Trading Conclusion:
EASYKNIT ENT (0616.HK) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 0.232, 0.234, 0.235, 0.236, 0.238, 0.240, 0.593,.
Stock Support levels : 0.227, 0.224, 0.130,.