Today we will analyze the stock CHINA RES LAND (1109.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CHINA RES LAND (1109.HK)
1- Last bullish trend was from 17.66 $ (2/10/2014) to 19.16 $ (2/12/2014) a 1.50 $ move 2- The current bearish trend started from 19.16 $ at 2/12/2014 and is currently trading at 16.92 $.
3- 1109.HK current support level is at 16.73 which is the 161.80 % fibonacci retracement of the last 1.50 $ move.
4- 1109.HK current resistance level is at 17.25 which is the 127.20 % fibonacci retracement of the last 1.50 $ move.
5- According to ADX Indicator, the trend is currently 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 RES LAND (1109.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 19.160 and 19.620, and is currently resisting at 18.608.
CHINA RES LAND (1109.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 19.160 and 19.920, and is currently resisting at 18.565.
CHINA RES LAND (1109.HK) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 20.550 that failed and formed a resistance.
9- The Stock was resisted by a resistance line, identified by two points: 22.500 and 23.370, and is currently resisting at 20.802.

Stock Trading Conclusion:
CHINA RES LAND (1109.HK) was trading in a 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 : 17.25, 17.45, 17.66, 17.78, 18.04, 18.23, 18.30, 18.41, 18.57, 18.59, 18.61, 18.81, 19.16, 20.43, 20.80.
Stock Support levels : 16.73.