Today we will analyze the stock TOWNGAS CHINA (1083.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in TOWNGAS CHINA (1083.HK)
1- Last bearish trend was from 9.91 $ (1/10/2014) to 8.78 $ (2/11/2014) a 1.13 $ move 2- The current bullish trend started from 8.78 $ at 2/11/2014 and is currently trading at 10.12 $.
3- 1083.HK current support level is at 9.91 which is the 100.00 % fibonacci retracement of the last 1.13 $ move.
4- 1083.HK current resistance level is at 10.22 which is the 127.20 % fibonacci retracement of the last 1.13 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
TOWNGAS CHINA (1083.HK) Short term stock chart patterns for internet stock trading :

None.
TOWNGAS CHINA (1083.HK) Mid term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 8.780 and 6.780,resistance between 9.910 and 7.930, the stock channel is currently supported from below by 9.064 and resisted from above by 10.581.
TOWNGAS CHINA (1083.HK) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 8.780 and 6.780,resistance between 9.910 and 7.930, the stock channel is currently supported from below by 9.064 and resisted from above by 10.581.

Stock Trading Conclusion:
TOWNGAS CHINA (1083.HK) was trading in a strong bullish wave, which is becoming stronger .
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 : 10.22, 10.61.
Stock Support levels : 9.91, 9.80, 9.61, 9.48, 9.45, 9.34, 9.29, 9.21, 9.05, 8.78,.