Today we will analyze the stock ASIA SATELLITE (1135.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in ASIA SATELLITE (1135.HK)
1- Last bearish trend was from 34.25 $ (2/18/2014) to 32.50 $ (2/24/2014) a 1.75 $ move 2- The current bullish trend started from 32.50 $ at 2/24/2014 and is currently trading at 33.50 $.
3- 1135.HK current support level is at 33.38 which is the 50.00 % fibonacci retracement of the last 1.75 $ move.
4- 1135.HK current resistance level is at 33.58 which is the 61.80 % fibonacci retracement of the last 1.75 $ move.
5- According to ADX Indicator, the trend is currently bearish,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.
ASIA SATELLITE (1135.HK) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 32.500 and 30.000,resistance between 34.250 and 31.000 which was broken down at 33.500.
ASIA SATELLITE (1135.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 31.000 that failed, and formed a support .
8- The Stock formed a 3.140 $ height triangle which was broken up at 33.000 in higher than usual volume, target of the pattern is 36.140.
ASIA SATELLITE (1135.HK) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 27.880 and 27.290, and is currently supporting at 29.915.

Stock Trading Conclusion:
ASIA SATELLITE (1135.HK) was trading in a bearish 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 : 33.58, 34.17, 34.25, 34.73, 35.33, 36.14.
Stock Support levels : 33.38, 33.26, 33.17, 33.12, 33.00, 32.91, 32.88, 32.50, 31.00, 30.97,.