Today we will analyze the stock COASTAL GL (1124.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in COASTAL GL (1124.HK)
1- Last bearish trend was from 0.31 $ (2/25/2014) to 0.28 $ (3/5/2014) a 0.03 $ move 2- The current bullish trend started from 0.28 $ at 3/5/2014 and is currently trading at 0.32 $.
3- 1124.HK current support level is at 0.32 which is the 127.20 % fibonacci retracement of the last 0.03 $ move.
4- 1124.HK current resistance level is at 0.33 which is the 161.80 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently 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.
COASTAL GL (1124.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.310 and 0.330 that was broken up at 0.290 transforming into a supporting line.
COASTAL GL (1124.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.330 and 0.380 that was broken up at 0.310 transforming into a supporting line.
COASTAL GL (1124.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.330 and 0.380 that was broken up at 0.310 transforming into a supporting line.

Stock Trading Conclusion:
COASTAL GL (1124.HK) was trading in a 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 : 0.329.
Stock Support levels : 0.318, 0.311, 0.310, 0.305, 0.300, 0.299, 0.295, 0.295, 0.291, 0.287, 0.280, 0.270,.