Today we will analyze the stock BRIGHT INT'L GP (1163.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in BRIGHT INT'L GP (1163.HK)
1- Last bullish trend was from 0.32 $ (3/6/2014) to 0.33 $ (3/7/2014) a 0.01 $ move 2- The current bearish trend started from 0.33 $ at 3/7/2014 and is currently trading at 0.32 $.
3- 1163.HK current support level is at 0.32 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- 1163.HK current resistance level is at 0.32 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
BRIGHT INT'L GP (1163.HK) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 0.320 and 0.330,resistance between 0.330 and 0.340, the stock channel is currently supported from below by 0.310 and resisted from above by 0.325.
BRIGHT INT'L GP (1163.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.350 .
BRIGHT INT'L GP (1163.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.350 and 0.400 that was broken up at 0.330 transforming into a supporting line.

Stock Trading Conclusion:
BRIGHT INT'L GP (1163.HK) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 0.322, 0.324, 0.325, 0.326, 0.328, 0.330, 0.350.
Stock Support levels : 0.319, 0.317, 0.314, 0.310,.