Today we will analyze the stock COSCO PACIFIC (1199.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in COSCO PACIFIC (1199.HK)
1- Last bearish trend was from 11.94 $ (3/27/2012) to 10.56 $ (4/11/2012) a 1.38 $ move 2- The current bullish trend started from 10.56 $ at 4/11/2012 and is currently trading at 11.39 $.
3- 1199.HK current support level is at 11.25 which is the 50.00 % fibonacci retracement of the last 1.38 $ move.
4- 1199.HK current resistance level is at 11.41 which is the 61.80 % fibonacci retracement of the last 1.38 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
COSCO PACIFIC (1199.HK) Short term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 11.940 and 12.020, and is currently resisting at 11.666.
COSCO PACIFIC (1199.HK) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 11.940 and 12.020, and is currently resisting at 11.666.
COSCO PACIFIC (1199.HK) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 4.270 $ height triangle which was broken up at 11.390 in higher than usual volume, target of the pattern is 15.660 which was broken down at 11.540 in higher than usual volume, target of the pattern is 7.270.

Stock Trading Conclusion:
COSCO PACIFIC (1199.HK) was trading in a bullish 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 : 11.41, 11.67, 11.94, 12.32, 12.79, 12.89, 15.66.
Stock Support levels : 11.25, 11.19, 11.12, 11.09, 11.07, 10.98, 10.89, 10.88, 10.56,.