Today we will analyze the stock EASYKNIT INT'L (1218.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in EASYKNIT INT'L (1218.HK)
1- Last bearish trend was from 4.80 $ (11/28/2013) to 4.18 $ (2/19/2014) a 0.62 $ move 2- The current bullish trend started from 4.18 $ at 2/19/2014 and is currently trading at 4.33 $.
3- 1218.HK current support level is at 4.33 which is the 23.60 % fibonacci retracement of the last 0.62 $ move.
4- 1218.HK current resistance level is at 4.42 which is the 38.20 % fibonacci retracement of the last 0.62 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
EASYKNIT INT'L (1218.HK) Short term stock chart patterns for internet stock trading :

None.
EASYKNIT INT'L (1218.HK) Mid term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 4.200 and 3.660,resistance between 4.800 and 4.480 which was broken down at 4.300 in higher than usual volume.
EASYKNIT INT'L (1218.HK) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 3.660 and 3.570, and is currently supporting at 3.795.

Stock Trading Conclusion:
EASYKNIT INT'L (1218.HK) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 4.42, 4.49, 4.56, 4.68, 4.80, 4.97, 5.18.
Stock Support levels : 4.33, 4.29, 4.27, 4.26, 4.24, 4.18,.