Today we will analyze the stock ZHONG HUA-NEW (1064.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in ZHONG HUA-NEW (1064.HK)
1- Last bullish trend was from 1.20 $ (2/25/2014) to 1.29 $ (2/27/2014) a 0.09 $ move 2- The current bearish trend started from 1.29 $ at 2/27/2014 and is currently trading at 1.20 $.
3- 1064.HK current support level is at 1.18 which is the 127.20 % fibonacci retracement of the last 0.09 $ move.
4- 1064.HK current resistance level is at 1.20 which is the 100.00 % fibonacci retracement of the last 0.09 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
ZHONG HUA-NEW (1064.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.290 and 1.400, and is currently resisting at 1.204.
ZHONG HUA-NEW (1064.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1.290 and 1.770, and is currently resisting at 1.215.
ZHONG HUA-NEW (1064.HK) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.680 $ height triangle which was broken up at 1.570, target of the pattern is 2.250 which was broken down at 1.550 in higher than usual volume, target of the pattern is 0.870.

Stock Trading Conclusion:
ZHONG HUA-NEW (1064.HK) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 1.20, 1.22, 1.22, 1.23, 1.25, 1.26, 1.27, 1.29, 1.40, 2.00, 2.25.
Stock Support levels : 1.18, 1.14, 0.87,.