Today we will analyze the stock SAP (SAP.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in SAP (SAP.MI)
1- Last bullish trend was from 40.51 $ (1/5/2012) to 54.65 $ (3/16/2012) a 14.14 $ move 2- The current bearish trend started from 54.65 $ at 3/16/2012 and is currently trading at 48.86 $.
3- SAP.MI current support level is at 47.58 which is the 50.00 % fibonacci retracement of the last 14.14 $ move.
4- SAP.MI current resistance level is at 49.25 which is the 38.20 % fibonacci retracement of the last 14.14 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SAP (SAP.MI) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 40.510 and 39.930, and is currently supporting at 45.324.
SAP (SAP.MI) Mid term stock chart patterns for internet stock trading :

None.
SAP (SAP.MI) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 39.930 and 33.540, and is currently supporting at 46.683.

Stock Trading Conclusion:
SAP (SAP.MI) 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 : 49.25, 50.23, 51.07, 51.31, 51.76, 52.44, 54.65,.
Stock Support levels : 47.58, 46.68, 45.91, 45.32, 40.51, 36.66,.