Today we will analyze the stock WATER INDUSTRY (1129.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in WATER INDUSTRY (1129.HK)
1- Last bullish trend was from 1.46 $ (2/24/2014) to 1.64 $ (3/5/2014) a 0.18 $ move 2- The current bearish trend started from 1.64 $ at 3/5/2014 and is currently trading at 1.50 $.
3- 1129.HK current support level is at 1.46 which is the 100.00 % fibonacci retracement of the last 0.18 $ move.
4- 1129.HK current resistance level is at 1.53 which is the 61.80 % fibonacci retracement of the last 0.18 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
WATER INDUSTRY (1129.HK) Short term stock chart patterns for internet stock trading :

None.
WATER INDUSTRY (1129.HK) Mid term stock chart patterns for internet stock trading :

None.
WATER INDUSTRY (1129.HK) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.460 and 1.300, and is currently supporting at 1.471.

Stock Trading Conclusion:
WATER INDUSTRY (1129.HK) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 1.53, 1.53, 1.55, 1.55, 1.57, 1.57, 1.59, 1.60, 1.61, 1.64,.
Stock Support levels : 1.47, 1.46, 1.41,.