Today we will analyze the stock TCL MULTIMEDIA (1070.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in TCL MULTIMEDIA (1070.HK)
1- Last bearish trend was from 3.79 $ (2/6/2014) to 3.21 $ (3/4/2014) a 0.58 $ move 2- The current bullish trend started from 3.21 $ at 3/4/2014 and is currently trading at 3.23 $.
3- 1070.HK current support level is at 3.21 which is the 0.00 % fibonacci retracement of the last 0.58 $ move.
4- 1070.HK current resistance level is at 3.35 which is the 23.60 % fibonacci retracement of the last 0.58 $ 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.
TCL MULTIMEDIA (1070.HK) Short term stock chart patterns for internet stock trading :

None.
TCL MULTIMEDIA (1070.HK) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 3.790 and 3.930, and is currently resisting at 3.720.
TCL MULTIMEDIA (1070.HK) Long term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 3.160 .
8- The Stock formed a 0.770 $ height triangle.

Stock Trading Conclusion:
TCL MULTIMEDIA (1070.HK) was trading in a bearish wave, which is becoming weaker .
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 : 3.35, 3.43, 3.50, 3.57, 3.72, 3.79, 3.95, 4.15.
Stock Support levels : 3.23, 3.22, 3.22, 3.22, 3.21,.