Today we will analyze the stock PARAGON GROUP (46P1.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in PARAGON GROUP (46P1.SG)
1- Last bullish trend was from 2.04 $ (1/31/2012) to 2.17 $ (2/9/2012) a 0.13 $ move 2- The current bearish trend started from 2.17 $ at 2/9/2012 and is currently trading at 2.10 $.
3- 46P1.SG current support level is at 2.09 which is the 61.80 % fibonacci retracement of the last 0.13 $ move.
4- 46P1.SG current resistance level is at 2.11 which is the 50.00 % fibonacci retracement of the last 0.13 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
PARAGON GROUP (46P1.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2.040 and 1.970 that was broken down at 2.100 transforming into a resistance line.
PARAGON GROUP (46P1.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 2.100 .
PARAGON GROUP (46P1.SG) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 1.690 and 1.560,resistance between 1.860 and 1.720 which was broken down at 2.050.

Stock Trading Conclusion:
PARAGON GROUP (46P1.SG) was trading in a strong bullish wave, which is becoming weaker .
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 : 2.11, 2.11, 2.12, 2.12, 2.13, 2.13, 2.14, 2.14, 2.17, 2.24.
Stock Support levels : 2.09, 2.04, 2.00,.