Today we will analyze the stock VAN SHUNG CHONG (1001.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in VAN SHUNG CHONG (1001.HK)
1- Last bullish trend was from 1.32 $ (1/27/2014) to 1.38 $ (2/12/2014) a 0.06 $ move 2- The current bearish trend started from 1.38 $ at 2/12/2014 and is currently trading at 1.30 $.
3- 1001.HK current support level is at 1.28 which is the 161.80 % fibonacci retracement of the last 0.06 $ move.
4- 1001.HK current resistance level is at 1.30 which is the 127.20 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
VAN SHUNG CHONG (1001.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.180 $ height triangle which was broken down at 1.370, target of the pattern is 1.190.
VAN SHUNG CHONG (1001.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.460 $ height triangle which was broken down at 1.330, target of the pattern is 0.870.
VAN SHUNG CHONG (1001.HK) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 1.210 and 0.950,resistance between 1.410 and 1.140 which was broken down at 1.330.

Stock Trading Conclusion:
VAN SHUNG CHONG (1001.HK) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 1.30, 1.32, 1.32, 1.33, 1.34, 1.34, 1.34, 1.35, 1.35, 1.36, 1.37, 1.38, 1.43.
Stock Support levels : 1.28, 1.19,.