Today we will analyze the stock BAE SYSTEMS (BSP.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in BAE SYSTEMS (BSP.MU)
1- Last bullish trend was from 4.70 $ (2/20/2014) to 4.98 $ (3/5/2014) a 0.28 $ move 2- The current bearish trend started from 4.98 $ at 3/5/2014 and is currently trading at 4.82 $.
3- BSP.MU current support level is at 4.81 which is the 61.80 % fibonacci retracement of the last 0.28 $ move.
4- BSP.MU current resistance level is at 4.84 which is the 50.00 % fibonacci retracement of the last 0.28 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
BAE SYSTEMS (BSP.MU) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 4.980 and 5.240, and is currently resisting at 4.924.
BAE SYSTEMS (BSP.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 5.030 and 5.130,resistance between 5.380 and 5.510 which was broken down at 4.820.
BAE SYSTEMS (BSP.MU) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 4.460 and 3.710 that was broken down at 5.280 transforming into a resistance line.

Stock Trading Conclusion:
BAE SYSTEMS (BSP.MU) 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 : 4.84, 4.86, 4.87, 4.88, 4.88, 4.90, 4.91, 4.92, 4.92, 4.98, 5.93.
Stock Support levels : 4.81, 4.70, 4.62,.