Today we will analyze the stock SOGECABLE R A (SGC.MC) for internet stock trading in the MC stock market,
Stock Technical indicators to notice in SOGECABLE R A (SGC.MC)
1- Last bullish trend was from 22.10 $ (12/6/2007) to 28.09 $ (5/30/2008) a 5.99 $ move 2- The current bearish trend started from 28.09 $ at 5/30/2008 and is currently trading at 26.00 $.
3- SGC.MC current support level is at 25.80 which is the 38.20 % fibonacci retracement of the last 5.99 $ move.
4- SGC.MC current resistance level is at 26.68 which is the 23.60 % fibonacci retracement of the last 5.99 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
SOGECABLE R A (SGC.MC) Short term stock chart patterns for internet stock trading :

None.
SOGECABLE R A (SGC.MC) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 28.090 .
SOGECABLE R A (SGC.MC) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 27.980 and 31.270 that was broken up at 27.450 transforming into a supporting line.

Stock Trading Conclusion:
SOGECABLE R A (SGC.MC) was trading in a strong 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 : 26.49, 26.68, 26.80, 27.05, 27.29, 28.09, 28.52.
Stock Support levels : 25.80, 25.10, 24.39, 22.10, 20.47, 18.40,.