Today we will analyze the stock SING TAO (1105.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in SING TAO (1105.HK)
1- Last bearish trend was from 1.06 $ (4/3/2012) to 1.01 $ (4/26/2012) a 0.05 $ move 2- The current bullish trend started from 1.01 $ at 4/26/2012 and is currently trading at 1.02 $.
3- 1105.HK current support level is at 1.01 which is the 0.00 % fibonacci retracement of the last 0.05 $ move.
4- 1105.HK current resistance level is at 1.02 which is the 23.60 % fibonacci retracement of the last 0.05 $ 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.
SING TAO (1105.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.160 $ height triangle which was broken up at 1.040, target of the pattern is 1.200.
SING TAO (1105.HK) Mid term stock chart patterns for internet stock trading :

None.
SING TAO (1105.HK) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.970 and 0.820 that was broken down at 1.120 transforming into a resistance line.

Stock Trading Conclusion:
SING TAO (1105.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 : 1.02, 1.03, 1.03, 1.04, 1.06, 1.07, 1.09, 1.20, 1.21.
Stock Support levels : 1.02, 1.02, 1.01, 1.01, 1.01,.