Today we will analyze the stock PHOENIX TV (8002.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in PHOENIX TV (8002.HK)
1- Last bullish trend was from 0.70 $ (3/30/2009) to 1.04 $ (4/30/2009) a 0.34 $ move 2- The current bearish trend started from 1.04 $ at 4/30/2009 and is currently trading at 1.02 $.
3- 8002.HK current support level is at 0.96 which is the 23.60 % fibonacci retracement of the last 0.34 $ move.
4- 8002.HK current resistance level is at 1.04 which is the 0.00 % fibonacci retracement of the last 0.34 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
PHOENIX TV (8002.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.700 .
PHOENIX TV (8002.HK) Mid term stock chart patterns for internet stock trading :

None.
PHOENIX TV (8002.HK) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 0.660 and 0.590,resistance between 0.770 and 0.690 which was broken up at 0.870 in higher than usual volume.

Stock Trading Conclusion:
PHOENIX TV (8002.HK) was trading in a strong bullish wave, which is becoming stronger .
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 : 1.02, 1.03, 1.03, 1.03, 1.04,.
Stock Support levels : 0.96, 0.91, 0.87, 0.85, 0.83, 0.73, 0.70, 0.61,.