Today we will analyze the stock UNIVERSE INT'L (1046.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in UNIVERSE INT'L (1046.HK)
1- Last bullish trend was from 0.24 $ (3/5/2014) to 0.25 $ (3/6/2014) a 0.01 $ move 2- The current bearish trend started from 0.25 $ at 3/6/2014 and is currently trading at 0.22 $.
3- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
UNIVERSE INT'L (1046.HK) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 0.240 that failed and formed a resistance.
5- The Stock formed Double Top Pattern at 0.250 .
UNIVERSE INT'L (1046.HK) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.230 that failed and formed a resistance.
7- The Stock formed Double Top Pattern at 0.250 .
UNIVERSE INT'L (1046.HK) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.300 $ height triangle which was broken down at 0.240 in higher than usual volume, target of the pattern is -0.060.

Stock Trading Conclusion:
UNIVERSE INT'L (1046.HK) was trading in a bullish wave, which is becoming weaker .
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 : 0.227, 0.230, 0.231, 0.235, 0.239, 0.240, 0.250, 0.264.
Stock Support levels :.