Today we will analyze the stock BENEFUN INT'L (1130.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in BENEFUN INT'L (1130.HK)
1- Last bearish trend was from 0.35 $ (2/24/2014) to 0.32 $ (3/7/2014) a 0.03 $ move 2- The current bullish trend started from 0.32 $ at 3/7/2014 and is currently trading at 0.33 $.
3- 1130.HK current support level is at 0.33 which is the 23.60 % fibonacci retracement of the last 0.03 $ move.
4- 1130.HK current resistance level is at 0.33 which is the 38.20 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
BENEFUN INT'L (1130.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.320 .
7- The Stock formed a 0.060 $ height triangle which was broken up at 0.330 in higher than usual volume, target of the pattern is 0.390.
BENEFUN INT'L (1130.HK) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 0.090 $ height triangle which was broken up at 0.330 in higher than usual volume, target of the pattern is 0.420 which was broken down at 0.340, target of the pattern is 0.250.
BENEFUN INT'L (1130.HK) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bullish stock channel identifed by support at 0.320 and 0.290,resistance between 0.380 and 0.330 which was broken down at 0.340.

Stock Trading Conclusion:
BENEFUN INT'L (1130.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 : 0.331, 0.335, 0.339, 0.350, 0.358, 0.369, 0.373, 0.390, 0.420.
Stock Support levels : 0.328, 0.327, 0.326, 0.325, 0.324, 0.320,.