Today we will analyze the stock CITIC1616 HOLD (1883.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CITIC1616 HOLD (1883.HK)
1- Last bullish trend was from 2.64 $ (2/25/2014) to 2.76 $ (3/3/2014) a 0.12 $ move 2- The current bearish trend started from 2.76 $ at 3/3/2014 and is currently trading at 2.67 $.
3- 1883.HK current support level is at 2.64 which is the 100.00 % fibonacci retracement of the last 0.12 $ move.
4- 1883.HK current resistance level is at 2.69 which is the 61.80 % fibonacci retracement of the last 0.12 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
CITIC1616 HOLD (1883.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.610 $ height triangle which was broken down at 2.760 in higher than usual volume, target of the pattern is 2.150.
CITIC1616 HOLD (1883.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 2.480 and 2.550 that was broken up at 2.540 transforming into a supporting line.
CITIC1616 HOLD (1883.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 2.480 and 2.550 that was broken up at 2.540 transforming into a supporting line.

Stock Trading Conclusion:
CITIC1616 HOLD (1883.HK) was trading in a strong 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 : 2.69, 2.69, 2.70, 2.70, 2.71, 2.72, 2.73, 2.73, 2.76, 2.94.
Stock Support levels : 2.64, 2.61, 2.57, 2.41,.