Today we will analyze the stock SCM MICROSYSTEMS (SMY.DU) for internet stock trading in the DU stock market,
Stock Technical indicators to notice in SCM MICROSYSTEMS (SMY.DU)
1- Last bullish trend was from 1.61 $ (1/4/2010) to 1.68 $ (1/6/2010) a 0.07 $ move 2- The current bearish trend started from 1.68 $ at 1/6/2010 and is currently trading at 1.58 $.
3- SMY.DU current support level is at 1.57 which is the 161.80 % fibonacci retracement of the last 0.07 $ move.
4- SMY.DU current resistance level is at 1.59 which is the 127.20 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SCM MICROSYSTEMS (SMY.DU) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.680 and 1.980, and is currently resisting at 1.608.
SCM MICROSYSTEMS (SMY.DU) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.410 $ height triangle which was broken down at 1.740, target of the pattern is 1.330.
SCM MICROSYSTEMS (SMY.DU) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.410 $ height triangle which was broken down at 1.740, target of the pattern is 1.330.

Stock Trading Conclusion:
SCM MICROSYSTEMS (SMY.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 : 1.59, 1.60, 1.61, 1.61, 1.62, 1.63, 1.64, 1.64, 1.64, 1.65, 1.66, 1.68, 1.83,.
Stock Support levels : 1.57, 1.33,.