Today we will analyze the stock CHINA SHIP DEV (1138.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CHINA SHIP DEV (1138.HK)
1- Last bullish trend was from 4.96 $ (2/25/2014) to 5.16 $ (3/4/2014) a 0.20 $ move 2- The current bearish trend started from 5.16 $ at 3/4/2014 and is currently trading at 4.88 $.
3- 1138.HK current support level is at 4.84 which is the 161.80 % fibonacci retracement of the last 0.20 $ move.
4- 1138.HK current resistance level is at 4.91 which is the 127.20 % fibonacci retracement of the last 0.20 $ 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.
CHINA SHIP DEV (1138.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.910 $ height triangle which was broken down at 5.090, target of the pattern is 4.180.
CHINA SHIP DEV (1138.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 2.140 $ height triangle.
CHINA SHIP DEV (1138.HK) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 2.140 $ height triangle.

Stock Trading Conclusion:
CHINA SHIP DEV (1138.HK) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 4.91, 4.95, 4.96, 4.99, 5.02, 5.04, 5.05, 5.06, 5.08, 5.11, 5.16, 5.17.
Stock Support levels : 4.84,.