Today we will analyze the stock NEW CAPITAL (1062.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in NEW CAPITAL (1062.HK)
1- Last bullish trend was from 0.54 $ (3/4/2014) to 0.57 $ (3/6/2014) a 0.03 $ move 2- The current bearish trend started from 0.57 $ at 3/6/2014 and is currently trading at 0.54 $.
3- 1062.HK current support level is at 0.53 which is the 127.20 % fibonacci retracement of the last 0.03 $ move.
4- 1062.HK current resistance level is at 0.54 which is the 100.00 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
NEW CAPITAL (1062.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.540 and 0.370 that was broken down at 0.560 transforming into a resistance line.
NEW CAPITAL (1062.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.280 $ height triangle.
NEW CAPITAL (1062.HK) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.280 $ height triangle.

Stock Trading Conclusion:
NEW CAPITAL (1062.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 : 0.547, 0.551, 0.555, 0.559, 0.563, 0.570, 0.710.
Stock Support levels : 0.532, 0.521, 0.360,.