Today we will analyze the stock PINE TECHNOLOGY (8013.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in PINE TECHNOLOGY (8013.HK)
1- Last bearish trend was from 0.34 $ (11/11/2010) to 0.31 $ (11/15/2010) a 0.03 $ move 2- The current bullish trend started from 0.31 $ at 11/15/2010 and is currently trading at 0.32 $.
3- 8013.HK current support level is at 0.32 which is the 23.60 % fibonacci retracement of the last 0.03 $ move.
4- 8013.HK current resistance level is at 0.32 which is the 38.20 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
PINE TECHNOLOGY (8013.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.310 and 0.280, and is currently supporting at 0.317.
PINE TECHNOLOGY (8013.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.280 .
PINE TECHNOLOGY (8013.HK) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 0.250 and 0.220,resistance between 0.280 and 0.250 which was broken up at 0.340 in higher than usual volume.

Stock Trading Conclusion:
PINE TECHNOLOGY (8013.HK) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 0.321, 0.325, 0.329, 0.340, 0.348, 0.359.
Stock Support levels : 0.318, 0.317, 0.317, 0.316, 0.315, 0.314, 0.310, 0.305, 0.280,.