Today we will analyze the stock CHINA AGROTECH (1073.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CHINA AGROTECH (1073.HK)
1- Last bearish trend was from 0.31 $ (3/4/2014) to 0.30 $ (3/5/2014) a 0.01 $ move 2- The current bullish trend started from 0.30 $ at 3/5/2014 and is currently trading at 0.31 $.
3- 1073.HK current support level is at 0.31 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
4- 1073.HK current resistance level is at 0.31 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
6- Bearish Divergance in MACD Indicator .
CHINA AGROTECH (1073.HK) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.300 and 0.290 that was broken down at 0.310 transforming into a resistance line.
CHINA AGROTECH (1073.HK) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.290 .
9- The Stock formed a 0.130 $ height triangle which was broken up at 0.300 in higher than usual volume, target of the pattern is 0.430.
CHINA AGROTECH (1073.HK) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Top Pattern at 0.420 .
11- The Stock formed a 0.100 $ height triangle which was broken down at 0.400, target of the pattern is 0.300.

Stock Trading Conclusion:
CHINA AGROTECH (1073.HK) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.310, 0.313, 0.316, 0.420, 0.430, 0.464.
Stock Support levels : 0.308, 0.306, 0.305, 0.304, 0.302, 0.300, 0.290,.