Today we will analyze the stock TIMELESS (8028.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in TIMELESS (8028.HK)
1- Last bearish trend was from 0.17 $ (4/26/2012) to 0.16 $ (4/27/2012) a 0.01 $ move 2- The current bullish trend started from 0.16 $ at 4/27/2012 and is currently trading at 0.17 $.
3- 8028.HK current support level is at 0.17 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
4- 8028.HK current resistance level is at 0.17 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
TIMELESS (8028.HK) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 0.160 and 0.130,resistance between 0.170 and 0.140 which was broken down at 0.170 in higher than usual volume.
TIMELESS (8028.HK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.140 that failed, and formed a support .
8- The Stock was supported by a support line, identified by two points: 0.130 and 0.120 that was broken down at 0.170 transforming into a resistance line.
TIMELESS (8028.HK) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bullish stock channel identifed by support at 0.120 and 0.110,resistance between 0.140 and 0.130, the stock channel is currently supported from below by 0.144 and resisted from above by 0.173.

Stock Trading Conclusion:
TIMELESS (8028.HK) was trading in a bullish wave, which is becoming weaker .
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 : 0.172, 0.173, 0.176, 0.177.
Stock Support levels : 0.168, 0.166, 0.165, 0.165, 0.164, 0.162, 0.160, 0.140,.