MARKET VECTORS--LEHMAN BROTHER (AMEX: SMB) (AMEX:SMB) Stock Research Trends Targets and Technical Analysis - AMEX American exchange [en]

Today we will analyze the stock MARKET VECTORS–LEHMAN BROTHER (SMB) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in MARKET VECTORS–LEHMAN BROTHER (SMB)
1- Last bearish trend was from 17.22 $ (1/29/2009) to 16.56 $ (2/3/2009) a 0.66 $ move 2- The current bullish trend started from 16.56 $ at 2/3/2009 and is currently trading at 17.42 $. 3- SMB current support level is at 17.40 which is the 127.20 % fibonacci retracement of the last 0.66 $ move.
4- SMB current resistance level is at 17.63 which is the 161.80 % fibonacci retracement of the last 0.66 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
MARKET VECTORS–LEHMAN BROTHER (SMB) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 16.560 and 15.660 that was broken down at 16.940 transforming into a resistance line.
MARKET VECTORS–LEHMAN BROTHER (SMB) Mid term stock chart patterns for internet stock trading :

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MARKET VECTORS–LEHMAN BROTHER (SMB) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
MARKET VECTORS–LEHMAN BROTHER (SMB) was trading in a bearish 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 : 17.63, 24.32.
Stock Support levels : 17.40, 17.22, 17.22, 17.09, 16.99, 16.97, 16.89, 16.89, 16.81, 16.72, 16.56,.