Today we will analyze the stock G5 ENTERTAINMENT (G5EN.ST) for internet stock trading in the ST stock market,
Stock Technical indicators to notice in G5 ENTERTAINMENT (G5EN.ST)
1- Last bearish trend was from 24.00 $ (3/28/2011) to 22.40 $ (4/1/2011) a 1.60 $ move 2- The current bullish trend started from 22.40 $ at 4/1/2011 and is currently trading at 23.30 $.
3- G5EN.ST current support level is at 23.20 which is the 50.00 % fibonacci retracement of the last 1.60 $ move.
4- G5EN.ST current resistance level is at 23.39 which is the 61.80 % fibonacci retracement of the last 1.60 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
G5 ENTERTAINMENT (G5EN.ST) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 24.000 and 24.500 that was broken up at 23.300 transforming into a supporting line.
G5 ENTERTAINMENT (G5EN.ST) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 4.300 $ height triangle which was broken up at 23.300, target of the pattern is 27.600.
G5 ENTERTAINMENT (G5EN.ST) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 22.000 and 20.700, and is currently supporting at 23.170.

Stock Trading Conclusion:
G5 ENTERTAINMENT (G5EN.ST) was trading in a bearish wave, which is becoming stronger .
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 : 23.39, 24.00, 24.44, 24.99, 25.00, 27.60.
Stock Support levels : 23.25, 23.20, 23.17, 23.09, 23.01, 23.00, 22.96, 22.85, 22.78, 22.74, 22.40,.