Today we will analyze the stock STANCHART (2888.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in STANCHART (2888.HK)
1- Last bullish trend was from 183.30 $ (4/11/2012) to 191.60 $ (4/30/2012) a 8.30 $ move 2- The current bearish trend started from 191.60 $ at 4/30/2012 and is currently trading at 182.50 $.
3- 2888.HK current support level is at 181.04 which is the 127.20 % fibonacci retracement of the last 8.30 $ move.
4- 2888.HK current resistance level is at 183.30 which is the 100.00 % fibonacci retracement of the last 8.30 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
STANCHART (2888.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 191.600 and 202.200, and is currently resisting at 190.422.
STANCHART (2888.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 202.200 .
8- The Stock formed a 38.300 $ height triangle which was broken down at 195.400 in higher than usual volume, target of the pattern is 157.100.
STANCHART (2888.HK) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 153.100 and 140.600 that was broken down at 187.000 transforming into a resistance line.

Stock Trading Conclusion:
STANCHART (2888.HK) was trading in a bearish wave, which is becoming stronger .
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 : 183.30, 184.65, 185.98, 186.47, 187.05, 187.45, 188.12, 188.43, 188.57, 189.64, 190.42, 191.60, 202.93, 203.65, 204.38, 206.40.
Stock Support levels : 181.04, 178.17,.