Today we will analyze the stock Sino-American Development Corp. (SOAM.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in Sino-American Development Corp. (SOAM.PK)
1- Last bullish trend was from 0.25 $ (9/7/2007) to 8.00 $ (9/18/2007) a 7.75 $ move 2- The current bearish trend started from 8.00 $ at 9/18/2007 and is currently trading at 1.00 $.
3- SOAM.PK current support level is at 0.25 which is the 100.00 % fibonacci retracement of the last 7.75 $ move.
4- SOAM.PK current resistance level is at 3.21 which is the 61.80 % fibonacci retracement of the last 7.75 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Sino-American Development Corp. (SOAM.PK) Short term stock chart patterns for internet stock trading :

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Sino-American Development Corp. (SOAM.PK) Mid term stock chart patterns for internet stock trading :

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Sino-American Development Corp. (SOAM.PK) Long term stock chart patterns for internet stock trading :

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Stock Trading Conclusion:
Sino-American Development Corp. (SOAM.PK) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 2.65, 3.21, 3.67, 4.13, 4.50, 5.04, 5.33, 6.17, 8.00,.
Stock Support levels : 0.25, -1.86,.