Today we will analyze the stock ASB FINANCIAL NEW (ASBN.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in ASB FINANCIAL NEW (ASBN.PK)
1- Last bullish trend was from 11.93 $ (4/3/2012) to 13.50 $ (4/27/2012) a 1.57 $ move 2- The current bearish trend started from 13.50 $ at 4/27/2012 and is currently trading at 12.69 $.
3- ASBN.PK current support level is at 12.53 which is the 61.80 % fibonacci retracement of the last 1.57 $ move.
4- ASBN.PK current resistance level is at 12.72 which is the 50.00 % fibonacci retracement of the last 1.57 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ASB FINANCIAL NEW (ASBN.PK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 11.930 and 11.780, and is currently supporting at 12.466.
ASB FINANCIAL NEW (ASBN.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 11.930 and 11.780, and is currently supporting at 12.466.
ASB FINANCIAL NEW (ASBN.PK) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 13.580 .
9- The Stock formed a 2.660 $ height triangle which was broken down at 11.830, target of the pattern is 9.170.

Stock Trading Conclusion:
ASB FINANCIAL NEW (ASBN.PK) was trading in a bullish wave, which is becoming weaker .
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 : 12.72, 12.77, 12.88, 12.90, 13.00, 13.10, 13.13, 13.19, 13.50, 13.58, 26.61.
Stock Support levels : 12.53, 12.47, 11.93, 11.50, 10.96,.