Today we will analyze the stock ASSOCIAT BRIT FOODS (AFO1.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in ASSOCIAT BRIT FOODS (AFO1.SG)
1- Last bullish trend was from 35.85 $ (3/3/2014) to 37.08 $ (3/4/2014) a 1.23 $ move 2- The current bearish trend started from 37.08 $ at 3/4/2014 and is currently trading at 35.62 $.
3- AFO1.SG current support level is at 35.52 which is the 127.20 % fibonacci retracement of the last 1.23 $ move.
4- AFO1.SG current resistance level is at 35.85 which is the 100.00 % fibonacci retracement of the last 1.23 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
ASSOCIAT BRIT FOODS (AFO1.SG) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 37.080 .
7- The Stock formed a 3.410 $ height triangle which was broken down at 36.170, target of the pattern is 32.760.
ASSOCIAT BRIT FOODS (AFO1.SG) Mid term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 31.900 and 19.400,resistance between 35.400 and 23.640, the stock channel is currently supported from below by 33.787 and resisted from above by 37.532.
ASSOCIAT BRIT FOODS (AFO1.SG) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bullish stock channel identifed by support at 31.900 and 19.400,resistance between 35.400 and 23.640, the stock channel is currently supported from below by 33.787 and resisted from above by 37.532.

Stock Trading Conclusion:
ASSOCIAT BRIT FOODS (AFO1.SG) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 35.85, 35.96, 36.18, 36.32, 36.35, 36.47, 36.52, 36.61, 36.72, 36.79, 36.90, 37.08,.
Stock Support levels : 35.52, 35.09,.