Today we will analyze the index Straits Times Singapore (STI) for internet stock trading in the INDICES stock market,
Stock Technical indicators to notice in Straits Times Singapore (STI)
1- Last bullish trend was from 2,913.16 $ (3/7/2012) to 3,026.40 $ (3/14/2012) a 113.24 $ move 2- The current bearish trend started from 3,026.40 $ at 3/14/2012 and is currently trading at 2,900.91 $.
3- STI current support level is at 2,882.36 which is the 127.20 % fibonacci retracement of the last 113.24 $ move.
4- STI current resistance level is at 2,913.16 which is the 100.00 % fibonacci retracement of the last 113.24 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Straits Times Singapore (STI) Short term stock chart patterns for internet stock trading :

6- The Index formed Double Top Pattern at 3,026.400 .
7- The Index formed a 410.620 $ height triangle which was broken down at 3,014.980, target of the pattern is 2,604.360.
Straits Times Singapore (STI) Mid term stock chart patterns for internet stock trading :

8- The Index was supported by a support line, identified by two points: 2,614.450 and 2,528.710, and is currently supporting at 2,771.370.
Straits Times Singapore (STI) Long term stock chart patterns for internet stock trading :

9- The Index formed a 686.560 $ height triangle which was broken up at 2,711.020, target of the pattern is 3,397.580.

Stock Trading Conclusion:
Straits Times Singapore (STI) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 2,913.16, 2,930.53, 2,948.85, 2,956.42, 2,963.65, 2,969.78, 2,978.46, 2,983.14, 2,999.68, 3,026.40, 3,027.98, 3,028.81, 3,029.64, 3,161.15, 3,397.58.
Stock Support levels : 2,882.36, 2,843.18, 2,771.37, 2,604.36,.