Today we will analyze the stock MAYER HOLDINGS (1116.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in MAYER HOLDINGS (1116.HK)
1- Last bullish trend was from 0.12 $ (11/10/2011) to 0.13 $ (11/18/2011) a 0.01 $ move 2- The current bearish trend started from 0.13 $ at 11/18/2011 and is currently trading at 0.12 $.
3- 1116.HK current support level is at 0.12 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- 1116.HK current resistance level is at 0.12 which is the 100.00 % fibonacci retracement of the last 0.01 $ 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.
MAYER HOLDINGS (1116.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.120 .
7- The Stock formed a 0.020 $ height triangle which was broken up at 0.120, target of the pattern is 0.140.
MAYER HOLDINGS (1116.HK) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.120 .
9- The Stock formed a 0.020 $ height triangle which was broken up at 0.120, target of the pattern is 0.140.
MAYER HOLDINGS (1116.HK) Long term stock chart patterns for internet stock trading :

10- The Stock traded in a bearish stock channel identifed by support at 0.120 and 0.130,resistance between 0.140 and 0.150 which was broken up at 0.120.

Stock Trading Conclusion:
MAYER HOLDINGS (1116.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 : 0.122, 0.124, 0.125, 0.126, 0.128, 0.130, 0.140,.
Stock Support levels : 0.117, 0.114, -0.039,.