Today we will analyze the stock MATRIX HOLDINGS (1005.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in MATRIX HOLDINGS (1005.HK)
1- Last bullish trend was from 1.45 $ (3/5/2014) to 1.53 $ (3/6/2014) a 0.08 $ move 2- The current bearish trend started from 1.53 $ at 3/6/2014 and is currently trading at 1.44 $.
3- 1005.HK current support level is at 1.43 which is the 127.20 % fibonacci retracement of the last 0.08 $ move.
4- 1005.HK current resistance level is at 1.45 which is the 100.00 % fibonacci retracement of the last 0.08 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
MATRIX HOLDINGS (1005.HK) Short term stock chart patterns for internet stock trading :

None.
MATRIX HOLDINGS (1005.HK) Mid term stock chart patterns for internet stock trading :

None.
MATRIX HOLDINGS (1005.HK) Long term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.650 and 1.940, and is currently resisting at 1.626.

Stock Trading Conclusion:
MATRIX HOLDINGS (1005.HK) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 1.45, 1.46, 1.47, 1.48, 1.49, 1.49, 1.50, 1.50, 1.51, 1.53, 1.63.
Stock Support levels : 1.43,.