Today we will analyze the stock SJ HOLDINGS (RZC.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in SJ HOLDINGS (RZC.MU)
1- Last bullish trend was from 122.23 $ (4/12/2012) to 127.88 $ (4/16/2012) a 5.65 $ move 2- The current bearish trend started from 127.88 $ at 4/16/2012 and is currently trading at 120.66 $.
3- RZC.MU current support level is at 118.74 which is the 161.80 % fibonacci retracement of the last 5.65 $ move.
4- RZC.MU current resistance level is at 120.69 which is the 127.20 % fibonacci retracement of the last 5.65 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SJ HOLDINGS (RZC.MU) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 22.070 $ height triangle which was broken down at 123.350, target of the pattern is 101.280.
SJ HOLDINGS (RZC.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 110.720 and 97.130 that was broken down at 119.940 transforming into a resistance line.
SJ HOLDINGS (RZC.MU) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 110.720 and 97.130 that was broken down at 119.940 transforming into a resistance line.

Stock Trading Conclusion:
SJ HOLDINGS (RZC.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 : 120.69, 122.23, 122.36, 123.15, 123.42, 124.27, 124.39, 125.06, 125.12, 125.72, 126.55, 127.88, 129.05.
Stock Support levels : 118.74,.