Today we will analyze the stock PETROCHINA (0857.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in PETROCHINA (0857.HK)
1- Last bullish trend was from 10.68 $ (4/11/2012) to 11.78 $ (4/30/2012) a 1.10 $ move 2- The current bearish trend started from 11.78 $ at 4/30/2012 and is currently trading at 11.34 $.
3- 0857.HK current support level is at 11.23 which is the 50.00 % fibonacci retracement of the last 1.10 $ move.
4- 0857.HK current resistance level is at 11.36 which is the 38.20 % fibonacci retracement of the last 1.10 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PETROCHINA (0857.HK) Short term stock chart patterns for internet stock trading :

None.
PETROCHINA (0857.HK) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 10.680 and 9.010, and is currently supporting at 11.046.
PETROCHINA (0857.HK) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 10.680 and 9.010,resistance between 11.860 and 10.580, the stock channel is currently supported from below by 11.046 and resisted from above by 13.186.

Stock Trading Conclusion:
PETROCHINA (0857.HK) was trading in a 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 : 11.36, 11.44, 11.51, 11.52, 11.56, 11.61, 11.78,.
Stock Support levels : 11.23, 11.10, 11.05, 10.68, 10.38,.