Today we will analyze the stock BAE SYSTEMS SPONS AD (BAESY.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in BAE SYSTEMS SPONS AD (BAESY.PK)
1- Last bullish trend was from 17.81 $ (4/10/2012) to 19.89 $ (4/27/2012) a 2.08 $ move 2- The current bearish trend started from 19.89 $ at 4/27/2012 and is currently trading at 18.10 $.
3- BAESY.PK current support level is at 17.81 which is the 100.00 % fibonacci retracement of the last 2.08 $ move.
4- BAESY.PK current resistance level is at 18.60 which is the 61.80 % fibonacci retracement of the last 2.08 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
BAE SYSTEMS SPONS AD (BAESY.PK) Short term stock chart patterns for internet stock trading :

None.
BAE SYSTEMS SPONS AD (BAESY.PK) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 5.070 $ height triangle which was broken down at 18.330, target of the pattern is 13.260.
BAE SYSTEMS SPONS AD (BAESY.PK) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 17.810 and 15.170,resistance between 20.240 and 17.830 which was broken down at 18.330.

Stock Trading Conclusion:
BAE SYSTEMS SPONS AD (BAESY.PK) 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 : 18.41, 18.52, 18.60, 18.78, 18.85, 19.00, 19.10, 19.21, 19.40, 19.89,.
Stock Support levels : 17.81, 17.24, 16.52,.