Today we will analyze the stock MACAU INV HOLD (2362.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in MACAU INV HOLD (2362.HK)
1- Last bullish trend was from 1.45 $ (3/23/2012) to 1.63 $ (4/5/2012) a 0.18 $ move 2- The current bearish trend started from 1.63 $ at 4/5/2012 and is currently trading at 1.53 $.
3- 2362.HK current support level is at 1.52 which is the 61.80 % fibonacci retracement of the last 0.18 $ move.
4- 2362.HK current resistance level is at 1.54 which is the 50.00 % fibonacci retracement of the last 0.18 $ move.
5- According to ADX Indicator, the trend is currently 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.
MACAU INV HOLD (2362.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.450 and 1.440 that was broken down at 1.520 transforming into a resistance line.
MACAU INV HOLD (2362.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1.630 and 1.650, and is currently resisting at 1.609.
MACAU INV HOLD (2362.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 1.650 and 1.690, and is currently resisting at 1.562.

Stock Trading Conclusion:
MACAU INV HOLD (2362.HK) was trading in a 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 : 1.54, 1.54, 1.55, 1.56, 1.56, 1.57, 1.58, 1.59, 1.59, 1.61, 1.63,.
Stock Support levels : 1.52, 1.45, 1.40,.