Today we will analyze the stock ZHEJIANG SHIBAO (8331.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in ZHEJIANG SHIBAO (8331.HK)
1- Last bearish trend was from 4.36 $ (2/28/2011) to 4.22 $ (3/3/2011) a 0.14 $ move 2- The current bullish trend started from 4.22 $ at 3/3/2011 and is currently trading at 4.41 $.
3- 8331.HK current support level is at 4.40 which is the 127.20 % fibonacci retracement of the last 0.14 $ move.
4- 8331.HK current resistance level is at 4.45 which is the 161.80 % fibonacci retracement of the last 0.14 $ move.
5- 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.
ZHEJIANG SHIBAO (8331.HK) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.280 $ height triangle which was broken up at 4.320, target of the pattern is 4.600.
ZHEJIANG SHIBAO (8331.HK) Mid term stock chart patterns for internet stock trading :

None.
ZHEJIANG SHIBAO (8331.HK) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 0.810 $ height triangle which was broken up at 4.320, target of the pattern is 5.130.

Stock Trading Conclusion:
ZHEJIANG SHIBAO (8331.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 : 4.45, 4.60, 5.13.
Stock Support levels : 4.40, 4.37, 4.36, 4.34, 4.31, 4.31, 4.29, 4.29, 4.27, 4.27, 4.25, 4.24, 4.22,.