Today we will analyze the stock CELESTIAL ASIA (1049.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CELESTIAL ASIA (1049.HK)
1- Last bullish trend was from 0.41 $ (2/18/2014) to 0.45 $ (2/20/2014) a 0.04 $ move 2- The current bearish trend started from 0.45 $ at 2/20/2014 and is currently trading at 0.42 $.
3- 1049.HK current support level is at 0.41 which is the 100.00 % fibonacci retracement of the last 0.04 $ move.
4- 1049.HK current resistance level is at 0.43 which is the 61.80 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CELESTIAL ASIA (1049.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.410 and 0.400 that was broken down at 0.420 transforming into a resistance line.
CELESTIAL ASIA (1049.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.400 .
8- The Stock formed a 0.070 $ height triangle.
CELESTIAL ASIA (1049.HK) Long term stock chart patterns for internet stock trading :

9- The Stock is trading in a stock channel between 0.400 $ and 0.470 $.


Stock Trading Conclusion:
CELESTIAL ASIA (1049.HK) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.424, 0.425, 0.427, 0.430, 0.431, 0.435, 0.435, 0.439, 0.441, 0.450, 0.470.
Stock Support levels : 0.410, 0.400, 0.399,.