Today we will analyze the stock SMIT INT (SMIT.AS) for internet stock trading in the AS stock market,
Stock Technical indicators to notice in SMIT INT (SMIT.AS)
1- Last bearish trend was from 60.07 $ (11/18/2009) to 57.34 $ (11/30/2009) a 2.73 $ move 2- The current bullish trend started from 57.34 $ at 11/30/2009 and is currently trading at 60.00 $.
3- SMIT.AS current support level is at 59.03 which is the 61.80 % fibonacci retracement of the last 2.73 $ move.
4- SMIT.AS current resistance level is at 60.07 which is the 100.00 % fibonacci retracement of the last 2.73 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
6- Bearish Divergance in MACD Indicator .
SMIT INT (SMIT.AS) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 57.340 and 52.960 that was broken down at 57.530 transforming into a resistance line.
SMIT INT (SMIT.AS) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 52.960 and 50.280 that was broken down at 60.000 transforming into a resistance line.
SMIT INT (SMIT.AS) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 5.390 $ height triangle which was broken up at 45.150 in higher than usual volume, target of the pattern is 50.540.

Stock Trading Conclusion:
SMIT INT (SMIT.AS) was trading in a strong bullish wave, which is becoming stronger .
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 : 60.07, 60.57, 60.81, 61.76, 83.38.
Stock Support levels : 59.37, 59.03, 58.98, 58.71, 58.67, 58.38, 58.36, 57.98, 57.34,.