Today we will analyze the stock SMARTRAC (SM7.DU) for internet stock trading in the DU stock market,
Stock Technical indicators to notice in SMARTRAC (SM7.DU)
1- Last bullish trend was from 10.53 $ (1/26/2012) to 10.96 $ (1/30/2012) a 0.43 $ move 2- The current bearish trend started from 10.96 $ at 1/30/2012 and is currently trading at 9.33 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SMARTRAC (SM7.DU) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 10.530 that failed and formed a resistance.
5- The Stock was resisted by a resistance line, identified by two points: 10.960 and 11.730, and is currently resisting at 9.805.
SMARTRAC (SM7.DU) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 10.490 and 9.820 that was broken down at 11.000 transforming into a resistance line.
SMARTRAC (SM7.DU) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 10.490 and 9.820 that was broken down at 11.000 transforming into a resistance line.

Stock Trading Conclusion:
SMARTRAC (SM7.DU) was trading in a 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 : 9.71, 9.81, 9.95, 10.15, 10.34, 10.49, 10.96, 15.01,.
Stock Support levels :.