Today we will analyze the stock CKI HOLDINGS (1038.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CKI HOLDINGS (1038.HK)
1- Last bullish trend was from 45.01 $ (2/13/2014) to 49.39 $ (2/27/2014) a 4.38 $ move 2- The current bearish trend started from 49.39 $ at 2/27/2014 and is currently trading at 47.54 $.
3- 1038.HK current support level is at 47.20 which is the 50.00 % fibonacci retracement of the last 4.38 $ move.
4- 1038.HK current resistance level is at 47.72 which is the 38.20 % fibonacci retracement of the last 4.38 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
CKI HOLDINGS (1038.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 45.010 and 43.940 that was broken down at 47.690 transforming into a resistance line.
CKI HOLDINGS (1038.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 54.900 .
CKI HOLDINGS (1038.HK) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 43.940 and 50.370,resistance between 54.970 and 56.610, the stock channel is currently supported from below by 43.090 and resisted from above by 49.782.

Stock Trading Conclusion:
CKI HOLDINGS (1038.HK) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 47.72, 47.98, 48.04, 48.25, 48.36, 48.47, 48.68, 49.39, 54.72.
Stock Support levels : 47.20, 46.68, 45.01, 43.82,.