Today we will analyze the stock CHINA-HK PHOTO (1123.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CHINA-HK PHOTO (1123.HK)
1- Last bullish trend was from 0.58 $ (3/4/2014) to 0.61 $ (3/5/2014) a 0.03 $ move 2- The current bearish trend started from 0.61 $ at 3/5/2014 and is currently trading at 0.59 $.
3- 1123.HK current support level is at 0.58 which is the 100.00 % fibonacci retracement of the last 0.03 $ move.
4- 1123.HK current resistance level is at 0.59 which is the 61.80 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
CHINA-HK PHOTO (1123.HK) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 0.580 and 0.570,resistance between 0.610 and 0.600, the stock channel is currently supported from below by 0.585 and resisted from above by 0.614.
CHINA-HK PHOTO (1123.HK) Mid term stock chart patterns for internet stock trading :

None.
CHINA-HK PHOTO (1123.HK) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 0.190 $ height triangle which was broken down at 0.650 in higher than usual volume, target of the pattern is 0.460.

Stock Trading Conclusion:
CHINA-HK PHOTO (1123.HK) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 0.591, 0.595, 0.595, 0.598, 0.599, 0.600, 0.602, 0.603, 0.610, 0.789.
Stock Support levels : 0.580, 0.572, 0.570, 0.561,.