Today we will analyze the stock COSLIGHT TECH (1043.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in COSLIGHT TECH (1043.HK)
1- Last bearish trend was from 5.15 $ (2/24/2014) to 4.75 $ (2/25/2014) a 0.40 $ move 2- The current bullish trend started from 4.75 $ at 2/25/2014 and is currently trading at 7.09 $.
3- According to ADX Indicator, the trend is currently strong 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.
COSLIGHT TECH (1043.HK) Short term stock chart patterns for internet stock trading :

4- The Stock traded in a bearish stock channel identifed by support at 4.750 and 4.940,resistance between 5.150 and 5.500 which was broken up at 5.000 in higher than usual volume.
COSLIGHT TECH (1043.HK) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 2.100 $ height triangle which was broken up at 5.750 in higher than usual volume, target of the pattern is 7.850.
COSLIGHT TECH (1043.HK) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 2.100 $ height triangle which was broken up at 5.750 in higher than usual volume, target of the pattern is 7.850.

Stock Trading Conclusion:
COSLIGHT TECH (1043.HK) was trading in a strong 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 : 7.85,.
Stock Support levels : 6.54, 6.20, 5.92, 5.64, 5.10, 4.75,.