Today we will analyze the stock A S A INTL LTD NEW (ASAL.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in A S A INTL LTD NEW (ASAL.PK)
1- Last bearish trend was from 5.00 $ (2/24/2010) to 1.50 $ (2/25/2010) a 3.50 $ move 2- The current bullish trend started from 1.50 $ at 2/25/2010 and is currently trading at 5.00 $.
3- ASAL.PK current support level is at 5.00 which is the 100.00 % fibonacci retracement of the last 3.50 $ move.
4- ASAL.PK current resistance level is at 5.95 which is the 127.20 % fibonacci retracement of the last 3.50 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
A S A INTL LTD NEW (ASAL.PK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.500 and 1.000 that was broken down at 5.000 transforming into a resistance line.
A S A INTL LTD NEW (ASAL.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.500 and 1.000 that was broken down at 5.000 transforming into a resistance line.
A S A INTL LTD NEW (ASAL.PK) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 1.500 and 1.000 that was broken down at 5.000 transforming into a resistance line.

Stock Trading Conclusion:
A S A INTL LTD NEW (ASAL.PK) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 5.95, 7.16, 9.24,.
Stock Support levels : 4.17, 3.66, 3.66, 3.25, 2.84, 2.33, 1.50,.