Today we will analyze the stock CSCL (2866.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CSCL (2866.HK)
1- Last bearish trend was from 2.83 $ (4/5/2012) to 2.44 $ (4/27/2012) a 0.39 $ move 2- The current bullish trend started from 2.44 $ at 4/27/2012 and is currently trading at 2.65 $.
3- 2866.HK current support level is at 2.63 which is the 50.00 % fibonacci retracement of the last 0.39 $ move.
4- 2866.HK current resistance level is at 2.68 which is the 61.80 % fibonacci retracement of the last 0.39 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CSCL (2866.HK) Short term stock chart patterns for internet stock trading :

None.
CSCL (2866.HK) Mid term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 2.440 and 2.410,resistance between 2.830 and 2.800, the stock channel is currently supported from below by 2.445 and resisted from above by 2.853.
CSCL (2866.HK) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 2.410 and 1.270 that was broken down at 2.570 transforming into a resistance line.

Stock Trading Conclusion:
CSCL (2866.HK) was trading in a bullish 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 : 2.68, 2.82, 2.83, 2.94, 3.07.
Stock Support levels : 2.63, 2.60, 2.59, 2.57, 2.55, 2.53, 2.52, 2.44,.