Today we will analyze the stock SKYL MILLAR (SKYLMILAR.BO) for internet stock trading in the BO stock market,
Stock Technical indicators to notice in SKYL MILLAR (SKYLMILAR.BO)
1- Last bearish trend was from 5.65 $ (4/16/2012) to 4.80 $ (4/24/2012) a 0.85 $ move 2- The current bullish trend started from 4.80 $ at 4/24/2012 and is currently trading at 5.25 $.
3- SKYLMILAR.BO current support level is at 5.23 which is the 50.00 % fibonacci retracement of the last 0.85 $ move.
4- SKYLMILAR.BO current resistance level is at 5.33 which is the 61.80 % fibonacci retracement of the last 0.85 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
6- Bearish Divergance in MACD Indicator .
SKYL MILLAR (SKYLMILAR.BO) Short term stock chart patterns for internet stock trading :

None.
SKYL MILLAR (SKYLMILAR.BO) Mid term stock chart patterns for internet stock trading :

None.
SKYL MILLAR (SKYLMILAR.BO) Long term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 4.800 .

Stock Trading Conclusion:
SKYL MILLAR (SKYLMILAR.BO) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 5.33, 5.65, 5.88, 6.18.
Stock Support levels : 5.23, 5.14, 5.12, 5.08, 5.03, 5.00, 4.97, 4.80,.