Today we will analyze the stock PARKSON GROUP (3368.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in PARKSON GROUP (3368.HK)
1- Last bearish trend was from 8.74 $ (4/19/2012) to 8.33 $ (4/24/2012) a 0.41 $ move 2- The current bullish trend started from 8.33 $ at 4/24/2012 and is currently trading at 8.79 $.
3- 3368.HK current support level is at 8.74 which is the 100.00 % fibonacci retracement of the last 0.41 $ move.
4- 3368.HK current resistance level is at 8.85 which is the 127.20 % fibonacci retracement of the last 0.41 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PARKSON GROUP (3368.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 8.330 .
7- The Stock formed a 0.910 $ height triangle which was broken up at 8.670, target of the pattern is 9.580.
PARKSON GROUP (3368.HK) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 10.160 and 10.300, and is currently resisting at 9.348.
PARKSON GROUP (3368.HK) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 1.390 $ height triangle which was broken down at 9.300 in higher than usual volume, target of the pattern is 7.910.

Stock Trading Conclusion:
PARKSON GROUP (3368.HK) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 8.85, 8.99, 9.35, 9.58, 10.04.
Stock Support levels : 8.74, 8.68, 8.61, 8.58, 8.56, 8.53, 8.51, 8.49, 8.43, 8.41, 8.36, 8.33,.