Today we will analyze the stock Summit Global Logistics (SGLTQ.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in Summit Global Logistics (SGLTQ.PK)
1- Last bullish trend was from 0.05 $ (3/10/2008) to 0.08 $ (7/16/2008) a 0.03 $ move 2- The current bearish trend started from 0.08 $ at 7/16/2008 and is currently trading at 0.04 $.
3- SGLTQ.PK current support level is at 0.03 which is the 161.80 % fibonacci retracement of the last 0.03 $ move.
4- SGLTQ.PK current resistance level is at 0.04 which is the 127.20 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
Summit Global Logistics (SGLTQ.PK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.080 and 10.000 that was broken up at 0.070 transforming into a supporting line.
Summit Global Logistics (SGLTQ.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.080 and 10.000 that was broken up at 0.070 transforming into a supporting line.
Summit Global Logistics (SGLTQ.PK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.080 and 10.000 that was broken up at 0.070 transforming into a supporting line.

Stock Trading Conclusion:
Summit Global Logistics (SGLTQ.PK) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.042, 0.049, 0.050, 0.055, 0.060, 0.061, 0.065, 0.065, 0.069, 0.073, 0.080,.
Stock Support levels : 0.031, -26.712,.