Today we will analyze the stock FRANCONOWEST (4FR.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in FRANCONOWEST (4FR.SG)
1- Last bearish trend was from 1.31 $ (8/31/2011) to 1.25 $ (9/1/2011) a 0.06 $ move 2- The current bullish trend started from 1.25 $ at 9/1/2011 and is currently trading at 1.32 $.
3- 4FR.SG current support level is at 1.31 which is the 100.00 % fibonacci retracement of the last 0.06 $ move.
4- 4FR.SG current resistance level is at 1.33 which is the 127.20 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
FRANCONOWEST (4FR.SG) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 1.250 .
7- The Stock formed a 0.100 $ height triangle which was broken up at 1.320, target of the pattern is 1.420.
FRANCONOWEST (4FR.SG) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 0.120 $ height triangle which was broken up at 1.340 in higher than usual volume, target of the pattern is 1.460.
FRANCONOWEST (4FR.SG) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
FRANCONOWEST (4FR.SG) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 1.33, 1.35, 1.42, 1.46.
Stock Support levels : 1.31, 1.30, 1.29, 1.29, 1.29, 1.28, 1.28, 1.27, 1.26, 1.25, 1.24,.