Today we will analyze the stock CHINA SOUTH AIR (1055.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CHINA SOUTH AIR (1055.HK)
1- Last bullish trend was from 2.47 $ (2/6/2014) to 2.83 $ (2/17/2014) a 0.36 $ move 2- The current bearish trend started from 2.83 $ at 2/17/2014 and is currently trading at 2.50 $.
3- 1055.HK current support level is at 2.47 which is the 100.00 % fibonacci retracement of the last 0.36 $ move.
4- 1055.HK current resistance level is at 2.61 which is the 61.80 % fibonacci retracement of the last 0.36 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
CHINA SOUTH AIR (1055.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 2.830 and 3.070, and is currently resisting at 2.717.
CHINA SOUTH AIR (1055.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 2.830 and 3.440, and is currently resisting at 2.657.
CHINA SOUTH AIR (1055.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 2.830 and 3.440, and is currently resisting at 2.657.

Stock Trading Conclusion:
CHINA SOUTH AIR (1055.HK) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 2.58, 2.61, 2.63, 2.65, 2.66, 2.66, 2.69, 2.70, 2.72, 2.75, 2.83,.
Stock Support levels : 2.47, 2.37,.