Today we will analyze the stock MOBICON GROUP (1213.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in MOBICON GROUP (1213.HK)
1- Last bullish trend was from 0.90 $ (1/27/2014) to 1.00 $ (3/6/2014) a 0.10 $ move 2- The current bearish trend started from 1.00 $ at 3/6/2014 and is currently trading at 0.94 $.
3- 1213.HK current support level is at 0.94 which is the 61.80 % fibonacci retracement of the last 0.10 $ move.
4- 1213.HK current resistance level is at 0.95 which is the 50.00 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
MOBICON GROUP (1213.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.000 and 1.090, and is currently resisting at 0.998.
MOBICON GROUP (1213.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1.000 and 1.090, and is currently resisting at 0.998.
MOBICON GROUP (1213.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 1.090 and 1.130 that was broken up at 0.950 transforming into a supporting line.

Stock Trading Conclusion:
MOBICON GROUP (1213.HK) was trading in a strong bearish 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 : 0.950, 0.954, 0.962, 0.963, 0.970, 0.976, 0.977, 0.998, 1.000,.
Stock Support levels : 0.938, 0.900, 0.873, 0.862,.