Today we will analyze the stock CHONGQING M and E (2722.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CHONGQING M and E (2722.HK)
1- Last bearish trend was from 1.55 $ (4/16/2012) to 1.42 $ (4/30/2012) a 0.13 $ move 2- The current bullish trend started from 1.42 $ at 4/30/2012 and is currently trading at 1.45 $.
3- 2722.HK current support level is at 1.42 which is the 0.00 % fibonacci retracement of the last 0.13 $ move.
4- 2722.HK current resistance level is at 1.45 which is the 23.60 % fibonacci retracement of the last 0.13 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
CHONGQING M and E (2722.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.420 and 1.390, and is currently supporting at 1.425.
CHONGQING M and E (2722.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.390 and 1.360 that was broken down at 1.460 transforming into a resistance line.
CHONGQING M and E (2722.HK) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 1.360 and 1.210, and is currently supporting at 1.426.

Stock Trading Conclusion:
CHONGQING M and E (2722.HK) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 1.45, 1.47, 1.48, 1.48, 1.50, 1.55, 1.59, 1.63.
Stock Support levels : 1.44, 1.44, 1.43, 1.43, 1.43, 1.43, 1.42,.