Today we will analyze the stock SINO HOTELS (1221.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in SINO HOTELS (1221.HK)
1- Last bullish trend was from 2.66 $ (10/23/2013) to 2.80 $ (11/8/2013) a 0.14 $ move 2- The current bearish trend started from 2.80 $ at 11/8/2013 and is currently trading at 2.68 $.
3- 1221.HK current support level is at 2.66 which is the 100.00 % fibonacci retracement of the last 0.14 $ move.
4- 1221.HK current resistance level is at 2.71 which is the 61.80 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
SINO HOTELS (1221.HK) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 2.800 .
8- The Stock formed a 0.270 $ height triangle which was broken down at 2.710, target of the pattern is 2.440.
SINO HOTELS (1221.HK) Mid term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 2.540 and 2.430 that was broken down at 2.690 transforming into a resistance line.
SINO HOTELS (1221.HK) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
SINO HOTELS (1221.HK) was trading in a strong 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 : 2.71, 2.71, 2.72, 2.73, 2.73, 2.74, 2.75, 2.75, 2.77, 2.77, 2.77, 2.78, 2.80, 2.85.
Stock Support levels : 2.66, 2.62, 2.57,.