Today we will analyze the stock NEONET -B- (NEO.ST) for internet stock trading in the ST stock market,
Stock Technical indicators to notice in NEONET -B- (NEO.ST)
1- Last bearish trend was from 19.10 $ (5/21/2010) to 18.00 $ (5/27/2010) a 1.10 $ move 2- The current bullish trend started from 18.00 $ at 5/27/2010 and is currently trading at 19.00 $.
3- NEO.ST current support level is at 18.68 which is the 61.80 % fibonacci retracement of the last 1.10 $ move.
4- NEO.ST current resistance level is at 19.10 which is the 100.00 % fibonacci retracement of the last 1.10 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
NEONET -B- (NEO.ST) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 18.000 .
7- The Stock formed a 2.900 $ height triangle which was broken up at 18.200, target of the pattern is 21.100.
NEONET -B- (NEO.ST) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 20.900 .
NEONET -B- (NEO.ST) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Top Pattern at 20.900 .
10- The Stock formed a 2.500 $ height triangle which was broken down at 18.000, target of the pattern is 15.500.

Stock Trading Conclusion:
NEONET -B- (NEO.ST) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 19.10, 19.17, 19.40, 19.78, 20.61, 20.90, 21.10.
Stock Support levels : 18.76, 18.68, 18.62, 18.55, 18.50, 18.42, 18.38, 18.26, 18.00, 16.90,.