Today we will analyze the stock CHINA DATACAST (8016.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in CHINA DATACAST (8016.HK)
1- Last bullish trend was from 1.66 $ (3/26/2012) to 1.90 $ (4/24/2012) a 0.24 $ move 2- The current bearish trend started from 1.90 $ at 4/24/2012 and is currently trading at 1.74 $.
3- 8016.HK current support level is at 1.66 which is the 100.00 % fibonacci retracement of the last 0.24 $ move.
4- 8016.HK current resistance level is at 1.75 which is the 61.80 % fibonacci retracement of the last 0.24 $ 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.
CHINA DATACAST (8016.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.660 and 1.580 that was broken down at 1.740 transforming into a resistance line.
CHINA DATACAST (8016.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.660 and 1.580 that was broken down at 1.740 transforming into a resistance line.
CHINA DATACAST (8016.HK) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
CHINA DATACAST (8016.HK) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 1.75, 1.78, 1.78, 1.80, 1.81, 1.82, 1.84, 1.84, 1.90, 2.66,.
Stock Support levels : 1.66, 1.59,.