Today we will analyze the stock PRYSMIAN (AEU.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in PRYSMIAN (AEU.SG)
1- Last bearish trend was from 12.55 $ (4/27/2012) to 11.72 $ (5/4/2012) a 0.83 $ move 2- The current bullish trend started from 11.72 $ at 5/4/2012 and is currently trading at 12.08 $.
3- AEU.SG current support level is at 12.04 which is the 38.20 % fibonacci retracement of the last 0.83 $ move.
4- AEU.SG current resistance level is at 12.14 which is the 50.00 % fibonacci retracement of the last 0.83 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PRYSMIAN (AEU.SG) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 12.550 .
PRYSMIAN (AEU.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 4.980 $ height triangle which was broken up at 12.090, target of the pattern is 17.070 which was broken down at 12.030, target of the pattern is 7.050.
PRYSMIAN (AEU.SG) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PRYSMIAN (AEU.SG) was trading in a bearish 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 : 12.14, 12.23, 12.30, 12.53, 12.55, 12.78, 13.06, 17.07.
Stock Support levels : 12.04, 12.00, 11.94, 11.92, 11.90, 11.86, 11.72, 11.53,.