Today we will analyze the stock CHINA RES GAS (1193.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CHINA RES GAS (1193.HK)
1- Last bullish trend was from 23.85 $ (2/4/2014) to 27.30 $ (2/28/2014) a 3.45 $ move 2- The current bearish trend started from 27.30 $ at 2/28/2014 and is currently trading at 25.70 $.
3- 1193.HK current support level is at 25.58 which is the 50.00 % fibonacci retracement of the last 3.45 $ move.
4- 1193.HK current resistance level is at 25.98 which is the 38.20 % fibonacci retracement of the last 3.45 $ 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 RES GAS (1193.HK) Short term stock chart patterns for internet stock trading :

None.
CHINA RES GAS (1193.HK) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 23.850 and 19.520, and is currently supporting at 25.335.
CHINA RES GAS (1193.HK) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 23.850 and 17.640,resistance between 27.000 and 20.780, the stock channel is currently supported from below by 25.092 and resisted from above by 29.447.

Stock Trading Conclusion:
CHINA RES GAS (1193.HK) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 25.98, 26.08, 26.31, 26.49, 26.50, 26.69, 27.30,.
Stock Support levels : 25.58, 25.33, 25.17, 23.85, 22.91,.