Today we will analyze the stock SYGNIS PHARMA (LIO.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in SYGNIS PHARMA (LIO.MU)
1- Last bullish trend was from 0.67 $ (12/8/2010) to 0.70 $ (12/9/2010) a 0.03 $ move 2- The current bearish trend started from 0.70 $ at 12/9/2010 and is currently trading at 0.66 $.
3- LIO.MU current support level is at 0.65 which is the 161.80 % fibonacci retracement of the last 0.03 $ move.
4- LIO.MU current resistance level is at 0.66 which is the 127.20 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SYGNIS PHARMA (LIO.MU) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.700 .
7- The Stock formed a 0.040 $ height triangle which was broken down at 0.660, target of the pattern is 0.620.
SYGNIS PHARMA (LIO.MU) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 0.100 $ height triangle which was broken down at 0.660, target of the pattern is 0.560.
SYGNIS PHARMA (LIO.MU) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 0.120 $ height triangle which was broken down at 0.660, target of the pattern is 0.540.

Stock Trading Conclusion:
SYGNIS PHARMA (LIO.MU) was trading in a bearish wave, which is becoming stronger .
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 : 0.662, 0.669, 0.670, 0.675, 0.676, 0.678, 0.678, 0.680, 0.681, 0.685, 0.685, 0.689, 0.693, 0.700,.
Stock Support levels : 0.651, 0.620, 0.560,.