Today we will analyze the stock GOLIK HOLDINGS (1118.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in GOLIK HOLDINGS (1118.HK)
1- Last bullish trend was from 0.73 $ (2/5/2014) to 0.79 $ (3/7/2014) a 0.06 $ move 2- The current bearish trend started from 0.79 $ at 3/7/2014 and is currently trading at 0.76 $.
3- 1118.HK current support level is at 0.75 which is the 61.80 % fibonacci retracement of the last 0.06 $ move.
4- 1118.HK current resistance level is at 0.76 which is the 50.00 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
GOLIK HOLDINGS (1118.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.730 .
GOLIK HOLDINGS (1118.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.730 .
8- The Stock formed a 0.060 $ height triangle which was broken up at 0.760 in higher than usual volume, target of the pattern is 0.820.
GOLIK HOLDINGS (1118.HK) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 0.640 and 0.600, and is currently supporting at 0.688.

Stock Trading Conclusion:
GOLIK HOLDINGS (1118.HK) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.767, 0.771, 0.775, 0.776, 0.779, 0.790, 0.820.
Stock Support levels : 0.753, 0.730, 0.727, 0.714, 0.693,.