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 10.70 $ (2/27/2014) to 10.20 $ (3/5/2014) a 0.50 $ move 2- The current bullish trend started from 10.20 $ at 3/5/2014 and is currently trading at 10.64 $.
3- 1199.HK current support level is at 10.51 which is the 61.80 % fibonacci retracement of the last 0.50 $ move.
4- 1199.HK current resistance level is at 10.70 which is the 100.00 % fibonacci retracement of the last 0.50 $ 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.
COSCO PACIFIC (1199.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 2.120 $ height triangle which was broken up at 10.860 in higher than usual volume, target of the pattern is 12.980.
COSCO PACIFIC (1199.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 9.480 and 10.780,resistance between 11.600 and 12.360 which was broken up at 10.860 in higher than usual volume.
COSCO PACIFIC (1199.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 9.480 and 9.160, and is currently supporting at 9.528.

Stock Trading Conclusion:
COSCO PACIFIC (1199.HK) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 10.70, 10.84, 11.01, 12.98.
Stock Support levels : 10.60, 10.54, 10.51, 10.47, 10.45, 10.43, 10.42, 10.39, 10.37, 10.32, 10.20,.