Today we will analyze the stock ROAD KING INFRA (1098.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in ROAD KING INFRA (1098.HK)
1- Last bearish trend was from 7.01 $ (2/12/2014) to 6.71 $ (2/25/2014) a 0.30 $ move 2- The current bullish trend started from 6.71 $ at 2/25/2014 and is currently trading at 7.14 $.
3- 1098.HK current support level is at 7.09 which is the 127.20 % fibonacci retracement of the last 0.30 $ move.
4- 1098.HK current resistance level is at 7.20 which is the 161.80 % fibonacci retracement of the last 0.30 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,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.
ROAD KING INFRA (1098.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 6.710 .
7- The Stock formed a 0.950 $ height triangle which was broken up at 6.860, target of the pattern is 7.810.
ROAD KING INFRA (1098.HK) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 6.690 .
ROAD KING INFRA (1098.HK) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 4.970 and 4.310, and is currently supporting at 6.819.

Stock Trading Conclusion:
ROAD KING INFRA (1098.HK) was trading in a strong bullish 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 : 7.20, 7.81.
Stock Support levels : 7.09, 7.04, 7.01, 6.98, 6.92, 6.90, 6.87, 6.86, 6.82, 6.82, 6.78, 6.78, 6.72, 6.71,.