Today we will analyze the stock CHINA WATER (0855.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CHINA WATER (0855.HK)
1- Last bullish trend was from 2.10 $ (1/9/2012) to 2.49 $ (2/8/2012) a 0.39 $ move 2- The current bearish trend started from 2.49 $ at 2/8/2012 and is currently trading at 2.39 $.
3- 0855.HK current support level is at 2.34 which is the 38.20 % fibonacci retracement of the last 0.39 $ move.
4- 0855.HK current resistance level is at 2.40 which is the 23.60 % fibonacci retracement of the last 0.39 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
CHINA WATER (0855.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2.100 and 2.000, and is currently supporting at 2.193.
CHINA WATER (0855.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 2.100 and 2.000, and is currently supporting at 2.193.
CHINA WATER (0855.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 2.100 and 2.000, and is currently supporting at 2.193.

Stock Trading Conclusion:
CHINA WATER (0855.HK) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 2.40, 2.41, 2.43, 2.44, 2.45, 2.49,.
Stock Support levels : 2.34, 2.30, 2.25, 2.19, 2.10, 1.99,.