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 0.52 $ (1/26/2012) to 0.55 $ (1/27/2012) a 0.03 $ move 2- The current bearish trend started from 0.55 $ at 1/27/2012 and is currently trading at 0.54 $.
3- 1399.HK current support level is at 0.54 which is the 38.20 % fibonacci retracement of the last 0.03 $ move.
4- 1399.HK current resistance level is at 0.54 which is the 23.60 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
SCUD GROUP (1399.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.550 .
7- The Stock formed a 0.080 $ height triangle which was broken down at 0.540 in higher than usual volume, target of the pattern is 0.460.
SCUD GROUP (1399.HK) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.430 .
9- The Stock formed a 0.040 $ height triangle which was broken up at 0.470 in higher than usual volume, target of the pattern is 0.510.
SCUD GROUP (1399.HK) Long term stock chart patterns for internet stock trading :

10- The Stock formed a 0.160 $ height triangle which was broken up at 0.440 in higher than usual volume, target of the pattern is 0.600.

Stock Trading Conclusion:
SCUD GROUP (1399.HK) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.542, 0.543, 0.544, 0.545, 0.546, 0.550, 0.556, 0.600.
Stock Support levels : 0.539, 0.535, 0.531, 0.520, 0.512, 0.501, 0.460, 0.440, 0.430,.