Today we will analyze the stock SMIT INT (S7IA.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in SMIT INT (S7IA.BE)
1- Last bearish trend was from 60.04 $ (4/9/2010) to 57.63 $ (4/16/2010) a 2.41 $ move 2- The current bullish trend started from 57.63 $ at 4/16/2010 and is currently trading at 60.00 $.
3- S7IA.BE current support level is at 59.12 which is the 61.80 % fibonacci retracement of the last 2.41 $ move.
4- S7IA.BE current resistance level is at 60.04 which is the 100.00 % fibonacci retracement of the last 2.41 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
SMIT INT (S7IA.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 60.040 and 60.590 that was broken up at 60.000 transforming into a supporting line.
SMIT INT (S7IA.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 56.030 and 52.740 that was broken down at 58.130 transforming into a resistance line.
SMIT INT (S7IA.BE) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 52.740 and 40.930,resistance between 58.820 and 45.500 which was broken down at 56.050.

Stock Trading Conclusion:
SMIT INT (S7IA.BE) 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 : 60.04, 60.70, 61.53, 66.33, 72.47.
Stock Support levels : 59.44, 59.12, 59.09, 58.83, 58.82, 58.55, 58.54, 58.29, 58.20, 57.63,.