Today we will analyze the stock KINGMAKER (1170.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in KINGMAKER (1170.HK)
1- Last bearish trend was from 1.73 $ (1/7/2014) to 1.48 $ (2/5/2014) a 0.25 $ move 2- The current bullish trend started from 1.48 $ at 2/5/2014 and is currently trading at 1.72 $.
3- 1170.HK current support level is at 1.63 which is the 61.80 % fibonacci retracement of the last 0.25 $ move.
4- 1170.HK current resistance level is at 1.73 which is the 100.00 % fibonacci retracement of the last 0.25 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
KINGMAKER (1170.HK) Short term stock chart patterns for internet stock trading :

None.
KINGMAKER (1170.HK) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 1.730 .
KINGMAKER (1170.HK) Long term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 1.730 .

Stock Trading Conclusion:
KINGMAKER (1170.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 : 1.73, 1.80, 1.88.
Stock Support levels : 1.66, 1.63, 1.63, 1.61, 1.60, 1.58, 1.57, 1.54, 1.48,.