Today we will analyze the stock FABEGE (FABG.ST) for internet stock trading in the ST stock market,
Stock Technical indicators to notice in FABEGE (FABG.ST)
1- Last bearish trend was from 57.90 $ (4/17/2012) to 54.95 $ (4/23/2012) a 2.95 $ move 2- The current bullish trend started from 54.95 $ at 4/23/2012 and is currently trading at 56.35 $.
3- FABG.ST current support level is at 56.08 which is the 38.20 % fibonacci retracement of the last 2.95 $ move.
4- FABG.ST current resistance level is at 56.43 which is the 50.00 % fibonacci retracement of the last 2.95 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
FABEGE (FABG.ST) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 57.900 and 61.800 that was broken up at 56.100 transforming into a supporting line.
FABEGE (FABG.ST) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 12.850 $ height triangle which was broken down at 59.050 in higher than usual volume, target of the pattern is 46.200.
FABEGE (FABG.ST) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 48.470 .

Stock Trading Conclusion:
FABEGE (FABG.ST) was trading in a 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 : 56.43, 56.77, 57.90, 58.70, 59.72, 64.85.
Stock Support levels : 56.08, 56.02, 55.82, 55.65, 55.65, 55.48, 54.95, 54.00, 48.93,.