Today we will analyze the stock EQUIY RES-SBI (EQR.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in EQUIY RES-SBI (EQR.MU)
1- Last bearish trend was from 47.20 $ (4/5/2012) to 45.40 $ (4/11/2012) a 1.80 $ move 2- The current bullish trend started from 45.40 $ at 4/11/2012 and is currently trading at 48.06 $.
3- EQR.MU current support level is at 47.69 which is the 127.20 % fibonacci retracement of the last 1.80 $ move.
4- EQR.MU current resistance level is at 48.31 which is the 161.80 % fibonacci retracement of the last 1.80 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
EQUIY RES-SBI (EQR.MU) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 45.400 and 42.430, and is currently supporting at 47.203.
EQUIY RES-SBI (EQR.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 42.430 and 39.310,resistance between 45.720 and 43.310, the stock channel is currently supported from below by 44.526 and resisted from above by 48.341.
EQUIY RES-SBI (EQR.MU) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 7.100 $ height triangle which was broken up at 43.470, target of the pattern is 50.570.

Stock Trading Conclusion:
EQUIY RES-SBI (EQR.MU) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 48.31, 50.57.
Stock Support levels : 47.69, 47.43, 47.20, 47.20, 47.04, 46.73, 46.51, 46.42, 46.30, 46.09, 45.82, 45.40,.