Today we will analyze the stock SUN HUNG KAI PTIES (SHG.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in SUN HUNG KAI PTIES (SHG.SG)
1- Last bullish trend was from 7.74 $ (2/6/2014) to 8.22 $ (2/21/2014) a 0.48 $ move 2- The current bearish trend started from 8.22 $ at 2/21/2014 and is currently trading at 7.60 $.
3- SHG.SG current support level is at 7.44 which is the 161.80 % fibonacci retracement of the last 0.48 $ move.
4- SHG.SG current resistance level is at 7.61 which is the 127.20 % fibonacci retracement of the last 0.48 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
SUN HUNG KAI PTIES (SHG.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 8.220 and 9.320, and is currently resisting at 7.670.
SUN HUNG KAI PTIES (SHG.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 2.630 $ height triangle which was broken down at 7.890, target of the pattern is 5.260.
SUN HUNG KAI PTIES (SHG.SG) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 6.970 and 6.910, and is currently supporting at 7.029.

Stock Trading Conclusion:
SUN HUNG KAI PTIES (SHG.SG) was trading in a strong bearish wave, which is becoming stronger .
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 : 7.61, 7.67, 7.74, 7.75, 7.84, 7.91, 7.92, 7.97, 7.98, 7.98, 8.04, 8.11, 8.22,.
Stock Support levels : 7.44, 7.03,.