Today we will analyze the stock NORSTAR (2339.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in NORSTAR (2339.HK)
1- Last bullish trend was from 0.91 $ (12/30/2008) to 1.11 $ (1/8/2009) a 0.20 $ move 2- The current bearish trend started from 1.11 $ at 1/8/2009 and is currently trading at 0.73 $.
3- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
NORSTAR (2339.HK) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 0.910 and 0.900 that was broken down at 0.930 transforming into a resistance line.
NORSTAR (2339.HK) Mid term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 0.910 and 0.900 that was broken down at 0.930 transforming into a resistance line.
NORSTAR (2339.HK) Long term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.110 and 1.200 that was broken up at 0.730 transforming into a supporting line.

Stock Trading Conclusion:
NORSTAR (2339.HK) was trading in a strong bearish wave, which is becoming weaker .
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 : 0.820, 0.875, 0.920, 0.965, 1.110, 3.450,.
Stock Support levels : -3.143.