Today we will analyze the stock WUMART (8277.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in WUMART (8277.HK)
1- Last bearish trend was from 16.94 $ (3/30/2012) to 16.20 $ (4/12/2012) a 0.74 $ move 2- The current bullish trend started from 16.20 $ at 4/12/2012 and is currently trading at 18.00 $.
3- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
WUMART (8277.HK) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 16.200 .
5- The Stock formed a 0.780 $ height triangle which was broken up at 16.660 in higher than usual volume, target of the pattern is 17.440.
WUMART (8277.HK) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 16.200 and 15.480, and is currently supporting at 16.600.
WUMART (8277.HK) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 16.200 and 15.480, and is currently supporting at 16.600.

Stock Trading Conclusion:
WUMART (8277.HK) was trading in a strong bullish wave, which is becoming stronger .
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 : .
Stock Support levels : 17.58, 17.31, 17.10, 16.89, 16.60, 16.20, 16.14, 16.10,.