Today we will analyze the stock FORMPIPE SOFTWARE (FPIP.ST) for internet stock trading in the ST stock market,
Stock Technical indicators to notice in FORMPIPE SOFTWARE (FPIP.ST)
1- Last bearish trend was from 17.00 $ (3/27/2012) to 14.30 $ (4/23/2012) a 2.70 $ move 2- The current bullish trend started from 14.30 $ at 4/23/2012 and is currently trading at 14.70 $.
3- FPIP.ST current support level is at 14.30 which is the 0.00 % fibonacci retracement of the last 2.70 $ move.
4- FPIP.ST current resistance level is at 14.94 which is the 23.60 % fibonacci retracement of the last 2.70 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
FORMPIPE SOFTWARE (FPIP.ST) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 17.000 and 17.400, and is currently resisting at 16.641.
FORMPIPE SOFTWARE (FPIP.ST) Mid term stock chart patterns for internet stock trading :

None.
FORMPIPE SOFTWARE (FPIP.ST) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
FORMPIPE SOFTWARE (FPIP.ST) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 14.94, 15.33, 15.65, 15.97, 16.64, 17.00, 17.73, 18.67.
Stock Support levels : 14.61, 14.55, 14.50, 14.45, 14.30,.