Today we will analyze the stock SIYAR SILK M (BSE INDONEXT) (SIYARAM.BO) for internet stock trading in the BO stock market,
Stock Technical indicators to notice in SIYAR SILK M (BSE INDONEXT) (SIYARAM.BO)
1- Last bearish trend was from 274.90 $ (4/16/2012) to 253.10 $ (4/27/2012) a 21.80 $ move 2- The current bullish trend started from 253.10 $ at 4/27/2012 and is currently trading at 260.00 $.
3- SIYARAM.BO current support level is at 258.24 which is the 23.60 % fibonacci retracement of the last 21.80 $ move.
4- SIYARAM.BO current resistance level is at 261.43 which is the 38.20 % fibonacci retracement of the last 21.80 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
SIYAR SILK M (BSE INDONEXT) (SIYARAM.BO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 274.900 and 277.250, and is currently resisting at 267.262.
SIYAR SILK M (BSE INDONEXT) (SIYARAM.BO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 68.250 $ height triangle which was broken down at 257.200 in higher than usual volume, target of the pattern is 188.950.
SIYAR SILK M (BSE INDONEXT) (SIYARAM.BO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
SIYAR SILK M (BSE INDONEXT) (SIYARAM.BO) 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 : 261.43, 264.00, 264.61, 266.57, 267.26, 274.90, 280.83, 288.37.
Stock Support levels : 258.37, 258.24, 257.36, 256.55, 255.74, 253.10,.