Today we will analyze the stock SHARP CORP S-CT (SHAR.SW) for internet stock trading in the SW stock market,
Stock Technical indicators to notice in SHARP CORP S-CT (SHAR.SW)
1- Last bullish trend was from 22.80 $ (6/28/2007) to 23.50 $ (7/4/2007) a 0.70 $ move 2- The current bearish trend started from 23.50 $ at 7/4/2007 and is currently trading at 22.40 $.
3- SHAR.SW current support level is at 22.37 which is the 161.80 % fibonacci retracement of the last 0.70 $ move.
4- SHAR.SW current resistance level is at 22.61 which is the 127.20 % fibonacci retracement of the last 0.70 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SHARP CORP S-CT (SHAR.SW) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 1.600 $ height triangle which was broken down at 22.500, target of the pattern is 20.900.
SHARP CORP S-CT (SHAR.SW) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 16.140 $ height triangle which was broken down at 22.600, target of the pattern is 6.460.
SHARP CORP S-CT (SHAR.SW) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 21.400 and 8.660 that was broken down at 22.600 transforming into a resistance line.

Stock Trading Conclusion:
SHARP CORP S-CT (SHAR.SW) was trading in a bearish wave, which is becoming weaker .
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 : 22.61, 22.66, 22.80, 22.82, 22.90, 22.95, 23.07, 23.08, 23.15, 23.23, 23.33, 23.50, 32.24,.
Stock Support levels : 22.37, 20.90,.