Today we will analyze the stock HAIER ELEC (1169.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in HAIER ELEC (1169.HK)
1- Last bullish trend was from 21.90 $ (2/4/2014) to 23.60 $ (2/18/2014) a 1.70 $ move 2- The current bearish trend started from 23.60 $ at 2/18/2014 and is currently trading at 20.40 $.
3- According to ADX Indicator, the trend is currently bearish, 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.
HAIER ELEC (1169.HK) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 23.600 and 24.250, and is currently resisting at 23.121.
HAIER ELEC (1169.HK) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 23.600 and 24.250, and is currently resisting at 23.121.
HAIER ELEC (1169.HK) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 20.300 and 13.020 that was broken down at 22.500 transforming into a resistance line.

Stock Trading Conclusion:
HAIER ELEC (1169.HK) was trading in a bearish wave, which is becoming stronger .
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 : 21.16, 21.62, 22.00, 22.38, 23.12, 23.60, 25.33.
Stock Support levels :.