Today we will analyze the stock SMART RICH (1051.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in SMART RICH (1051.HK)
1- Last bearish trend was from 0.25 $ (3/3/2014) to 0.23 $ (3/6/2014) a 0.02 $ move 2- The current bullish trend started from 0.23 $ at 3/6/2014 and is currently trading at 0.24 $.
3- 1051.HK current support level is at 0.24 which is the 38.20 % fibonacci retracement of the last 0.02 $ move.
4- 1051.HK current resistance level is at 0.24 which is the 50.00 % fibonacci retracement of the last 0.02 $ move.
5- 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.
SMART RICH (1051.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.230 .
SMART RICH (1051.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.180 .
SMART RICH (1051.HK) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.180 .
9- The Stock formed a 0.060 $ height triangle which was broken up at 0.200 in higher than usual volume, target of the pattern is 0.260.

Stock Trading Conclusion:
SMART RICH (1051.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 : 0.240, 0.242, 0.250, 0.255, 0.260, 0.262.
Stock Support levels : 0.238, 0.238, 0.236, 0.235, 0.235, 0.234, 0.230, 0.190, 0.180,.