Today we will analyze the stock SPORT SUPPLY GROUP (S38.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in SPORT SUPPLY GROUP (S38.BE)
1- Last bullish trend was from 10.52 $ (5/21/2010) to 11.16 $ (6/7/2010) a 0.64 $ move 2- The current bearish trend started from 11.16 $ at 6/7/2010 and is currently trading at 10.19 $.
3- S38.BE current support level is at 10.12 which is the 161.80 % fibonacci retracement of the last 0.64 $ move.
4- S38.BE current resistance level is at 10.35 which is the 127.20 % fibonacci retracement of the last 0.64 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
SPORT SUPPLY GROUP (S38.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 10.520 and 9.710 that was broken down at 10.940 transforming into a resistance line.
SPORT SUPPLY GROUP (S38.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 7.890 and 6.680,resistance between 11.160 and 8.700 which was broken down at 10.840.
SPORT SUPPLY GROUP (S38.BE) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 7.890 and 6.680,resistance between 11.160 and 8.700 which was broken down at 10.840.

Stock Trading Conclusion:
SPORT SUPPLY GROUP (S38.BE) was trading in a strong bearish 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 : 10.35, 10.42, 10.52, 10.56, 10.68, 10.76, 10.79, 10.84, 10.92, 11.01, 11.16, 11.84, 12.03.
Stock Support levels : 10.12.