Today we will analyze the stock VICTORY GROUP (1139.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in VICTORY GROUP (1139.HK)
1- Last bullish trend was from 0.25 $ (3/6/2014) to 0.26 $ (3/7/2014) a 0.01 $ move 2- The current bearish trend started from 0.26 $ at 3/7/2014 and is currently trading at 0.25 $.
3- 1139.HK current support level is at 0.25 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- 1139.HK current resistance level is at 0.25 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
VICTORY GROUP (1139.HK) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 0.250 $ and 0.260 $.

VICTORY GROUP (1139.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.230 .
VICTORY GROUP (1139.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.280 and 0.300 that was broken up at 0.260 transforming into a supporting line.

Stock Trading Conclusion:
VICTORY GROUP (1139.HK) was trading in a strong bullish wave, which is becoming stronger .
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 : 0.252, 0.254, 0.255, 0.256, 0.258, 0.260,.
Stock Support levels : 0.247, 0.244, 0.243, 0.230,.