Today we will analyze the stock ALCOA (ALU.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in ALCOA (ALU.SG)
1- Last bearish trend was from 8.55 $ (8/17/2010) to 7.93 $ (8/25/2010) a 0.62 $ move 2- The current bullish trend started from 7.93 $ at 8/25/2010 and is currently trading at 8.20 $.
3- ALU.SG current support level is at 8.17 which is the 38.20 % fibonacci retracement of the last 0.62 $ move.
4- ALU.SG current resistance level is at 8.24 which is the 50.00 % fibonacci retracement of the last 0.62 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
ALCOA (ALU.SG) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 7.930 and 8.250,resistance between 8.550 and 8.850 which was broken up at 8.200 in higher than usual volume.
ALCOA (ALU.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 8.130 and 8.020 that was broken down at 8.230 transforming into a resistance line.
ALCOA (ALU.SG) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 8.020 and 8.810,resistance between 8.850 and 9.690, the stock channel is currently supported from below by 7.001 and resisted from above by 8.442.

Stock Trading Conclusion:
ALCOA (ALU.SG) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 8.24, 8.31, 8.55, 8.65, 8.72, 8.79, 8.93.
Stock Support levels : 8.17, 8.14, 8.10, 8.08, 8.06, 8.03, 8.00, 7.93,.