Today we will analyze the stock CHEONG MING INV (1196.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CHEONG MING INV (1196.HK)
1- Last bullish trend was from 0.36 $ (1/4/2012) to 0.40 $ (1/11/2012) a 0.04 $ move 2- The current bearish trend started from 0.40 $ at 1/11/2012 and is currently trading at 0.37 $.
3- 1196.HK current support level is at 0.36 which is the 100.00 % fibonacci retracement of the last 0.04 $ move.
4- 1196.HK current resistance level is at 0.38 which is the 61.80 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently 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.
CHEONG MING INV (1196.HK) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 0.360 $ and 0.400 $.

CHEONG MING INV (1196.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock is trading in a stock channel between 0.360 $ and 0.400 $.

CHEONG MING INV (1196.HK) Long term stock chart patterns for internet stock trading :

8- The Stock is trading in a stock channel between 0.360 $ and 0.400 $.


Stock Trading Conclusion:
CHEONG MING INV (1196.HK) was trading in a bullish wave, which is becoming stronger .
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 : 0.375, 0.377, 0.380, 0.381, 0.385, 0.385, 0.389, 0.391, 0.400,.
Stock Support levels : 0.360, 0.349,.