Today we will analyze the stock OCEAN GRAND (1220.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in OCEAN GRAND (1220.HK)
1- Last bearish trend was from 0.27 $ (2/28/2014) to 0.24 $ (3/4/2014) a 0.03 $ move 2- The current bullish trend started from 0.24 $ at 3/4/2014 and is currently trading at 0.25 $.
3- 1220.HK current support level is at 0.25 which is the 23.60 % fibonacci retracement of the last 0.03 $ move.
4- 1220.HK current resistance level is at 0.25 which is the 38.20 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
OCEAN GRAND (1220.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.240 and 0.230, and is currently supporting at 0.248.
OCEAN GRAND (1220.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.230 and 0.250,resistance between 0.270 and 0.290, the stock channel is currently supported from below by 0.224 and resisted from above by 0.266.
OCEAN GRAND (1220.HK) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 0.230 and 0.250,resistance between 0.270 and 0.290, the stock channel is currently supported from below by 0.224 and resisted from above by 0.266.

Stock Trading Conclusion:
OCEAN GRAND (1220.HK) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 0.251, 0.255, 0.259, 0.270, 0.278, 0.289, 0.290.
Stock Support levels : 0.248, 0.248, 0.247, 0.246, 0.245, 0.244, 0.240,.