Today we will analyze the stock C TRANSMISSION (0658.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in C TRANSMISSION (0658.HK)
1- Last bullish trend was from 3.68 $ (4/16/2012) to 3.81 $ (4/23/2012) a 0.13 $ move 2- The current bearish trend started from 3.81 $ at 4/23/2012 and is currently trading at 3.69 $.
3- 0658.HK current support level is at 3.68 which is the 100.00 % fibonacci retracement of the last 0.13 $ move.
4- 0658.HK current resistance level is at 3.73 which is the 61.80 % fibonacci retracement of the last 0.13 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
C TRANSMISSION (0658.HK) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 3.680 and 4.210,resistance between 3.810 and 4.430 which was broken up at 3.760.
C TRANSMISSION (0658.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 4.090 and 3.690 that was broken down at 5.140 transforming into a resistance line.
C TRANSMISSION (0658.HK) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
C TRANSMISSION (0658.HK) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 3.72, 3.73, 3.74, 3.74, 3.75, 3.76, 3.76, 3.78, 3.81, 7.29.
Stock Support levels : 3.68, 3.64, 3.60,.