Today we will analyze the stock ARTFIELD GROUP (1229.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in ARTFIELD GROUP (1229.HK)
1- Last bullish trend was from 0.38 $ (2/7/2014) to 0.42 $ (2/10/2014) a 0.04 $ move 2- The current bearish trend started from 0.42 $ at 2/10/2014 and is currently trading at 0.37 $.
3- 1229.HK current support level is at 0.37 which is the 127.20 % fibonacci retracement of the last 0.04 $ move.
4- 1229.HK current resistance level is at 0.38 which is the 100.00 % fibonacci retracement of the last 0.04 $ 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.
ARTFIELD GROUP (1229.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.380 and 0.370 that was broken down at 0.390 transforming into a resistance line.
ARTFIELD GROUP (1229.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.420 and 0.430, and is currently resisting at 0.407.
ARTFIELD GROUP (1229.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.420 and 0.440, and is currently resisting at 0.404.

Stock Trading Conclusion:
ARTFIELD GROUP (1229.HK) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.380, 0.382, 0.389, 0.395, 0.395, 0.400, 0.401, 0.404, 0.405, 0.406, 0.407, 0.411, 0.420,.
Stock Support levels : 0.369,.