Today we will analyze the stock DAIWA ASSOCIATE (1037.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in DAIWA ASSOCIATE (1037.HK)
1- Last bearish trend was from 0.57 $ (2/26/2014) to 0.50 $ (3/4/2014) a 0.07 $ move 2- The current bullish trend started from 0.50 $ at 3/4/2014 and is currently trading at 0.52 $.
3- 1037.HK current support level is at 0.52 which is the 23.60 % fibonacci retracement of the last 0.07 $ move.
4- 1037.HK current resistance level is at 0.53 which is the 38.20 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently bullish, 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.
6- Bullish Divergance in MACD Indicator .
DAIWA ASSOCIATE (1037.HK) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.500 and 0.470, and is currently supporting at 0.520.
DAIWA ASSOCIATE (1037.HK) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.470 and 0.460, and is currently supporting at 0.478.
DAIWA ASSOCIATE (1037.HK) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 0.570 and 0.640, and is currently resisting at 0.551.

Stock Trading Conclusion:
DAIWA ASSOCIATE (1037.HK) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 0.527, 0.535, 0.543, 0.551, 0.570, 0.589, 0.613.
Stock Support levels : 0.517, 0.515, 0.512, 0.510, 0.508, 0.500,.