Today we will analyze the stock SOVEREIGN BANCORP (SVN.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in SOVEREIGN BANCORP (SVN.DE)
1- Last bullish trend was from 1.20 $ (10/27/2008) to 2.44 $ (10/29/2008) a 1.24 $ move 2- The current bearish trend started from 2.44 $ at 10/29/2008 and is currently trading at 2.20 $.
3- SVN.DE current support level is at 2.15 which is the 23.60 % fibonacci retracement of the last 1.24 $ move.
4- SVN.DE current resistance level is at 2.44 which is the 0.00 % fibonacci retracement of the last 1.24 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SOVEREIGN BANCORP (SVN.DE) Short term stock chart patterns for internet stock trading :

None.
SOVEREIGN BANCORP (SVN.DE) Mid term stock chart patterns for internet stock trading :

None.
SOVEREIGN BANCORP (SVN.DE) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
SOVEREIGN BANCORP (SVN.DE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 2.26, 2.29, 2.32, 2.35, 2.44,.
Stock Support levels : 2.15, 1.97, 1.82, 1.67, 1.20, 0.86,.