SUNCORP METWAY (Munich: SU4.MU) (ETR:SU4) Stock Research Trends Targets and Technical Analysis - Munich germany stock exchange [en]

Today we will analyze the stock SUNCORP METWAY (SU4.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in SUNCORP METWAY (SU4.MU)
1- Last bullish trend was from 12.94 $ (5/31/2007) to 13.40 $ (6/8/2007) a 0.46 $ move 2- The current bearish trend started from 13.40 $ at 6/8/2007 and is currently trading at 12.73 $. 3- SU4.MU current support level is at 12.66 which is the 161.80 % fibonacci retracement of the last 0.46 $ move.
4- SU4.MU current resistance level is at 12.81 which is the 127.20 % fibonacci retracement of the last 0.46 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SUNCORP METWAY (SU4.MU) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 13.400 .
7- The Stock formed a 1.230 $ height triangle which was broken down at 13.080, target of the pattern is 11.850.
SUNCORP METWAY (SU4.MU) Mid term stock chart patterns for internet stock trading :

None.
SUNCORP METWAY (SU4.MU) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
SUNCORP METWAY (SU4.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 : 12.81, 12.89, 12.94, 12.99, 13.06, 13.12, 13.14, 13.17, 13.22, 13.29, 13.35, 13.40, 13.41, 13.42.
Stock Support levels : 12.66,.