Today we will analyze the stock CHINA SHENHUA (1088.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CHINA SHENHUA (1088.HK)
1- Last bullish trend was from 19.18 $ (2/4/2014) to 21.45 $ (2/17/2014) a 2.27 $ move 2- The current bearish trend started from 21.45 $ at 2/17/2014 and is currently trading at 19.86 $.
3- 1088.HK current support level is at 19.18 which is the 100.00 % fibonacci retracement of the last 2.27 $ move.
4- 1088.HK current resistance level is at 20.05 which is the 61.80 % fibonacci retracement of the last 2.27 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
CHINA SHENHUA (1088.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 21.450 and 24.450, and is currently resisting at 20.086.
CHINA SHENHUA (1088.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 21.450 and 26.650, and is currently resisting at 20.171.
CHINA SHENHUA (1088.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 26.650 and 27.000, and is currently resisting at 26.138.

Stock Trading Conclusion:
CHINA SHENHUA (1088.HK) was trading in a strong bearish 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 : 20.05, 20.09, 20.17, 20.24, 20.32, 20.47, 20.58, 20.66, 20.84, 20.91, 21.45, 24.31, 26.14.
Stock Support levels : 19.18, 18.56,.