Today we will analyze the stock CHONGQING IRON (1053.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CHONGQING IRON (1053.HK)
1- Last bullish trend was from 1.08 $ (2/26/2014) to 1.12 $ (3/3/2014) a 0.04 $ move 2- The current bearish trend started from 1.12 $ at 3/3/2014 and is currently trading at 1.05 $.
3- According to ADX Indicator, the trend is currently bearish, 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.
CHONGQING IRON (1053.HK) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 1.080 that failed and formed a resistance.
5- The Stock was resisted by a resistance line, identified by two points: 1.120 and 1.140, and is currently resisting at 1.108.
CHONGQING IRON (1053.HK) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.090 and 1.070 that was broken down at 1.110 transforming into a resistance line.
CHONGQING IRON (1053.HK) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.090 and 1.070 that was broken down at 1.110 transforming into a resistance line.

Stock Trading Conclusion:
CHONGQING IRON (1053.HK) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 1.07, 1.08, 1.08, 1.09, 1.09, 1.11, 1.12, 1.14,.
Stock Support levels :.