Today we will analyze the stock SCUD GROUP (1399.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in SCUD GROUP (1399.HK)
1- Last bullish trend was from 0.51 $ (2/28/2014) to 0.85 $ (3/7/2014) a 0.34 $ move 2- The current bearish trend started from 0.85 $ at 3/7/2014 and is currently trading at 0.82 $.
3- 1399.HK current support level is at 0.77 which is the 23.60 % fibonacci retracement of the last 0.34 $ move.
4- 1399.HK current resistance level is at 0.85 which is the 0.00 % fibonacci retracement of the last 0.34 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
SCUD GROUP (1399.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.510 and 0.490, and is currently supporting at 0.550.
SCUD GROUP (1399.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.490 .
SCUD GROUP (1399.HK) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.490 .
9- The Stock formed a 0.060 $ height triangle which was broken up at 0.560 in higher than usual volume, target of the pattern is 0.620.

Stock Trading Conclusion:
SCUD GROUP (1399.HK) was trading in a strong bullish 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 : 0.827, 0.831, 0.835, 0.839, 0.850,.
Stock Support levels : 0.770, 0.720, 0.680, 0.640, 0.550, 0.534, 0.510, 0.490, 0.418,.