Today we will analyze the stock ALLIANZ N E08 (ALV2.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in ALLIANZ N E08 (ALV2.SG)
1- Last bullish trend was from 130.50 $ (4/24/2008) to 136.00 $ (5/6/2008) a 5.50 $ move 2- The current bearish trend started from 136.00 $ at 5/6/2008 and is currently trading at 132.00 $.
3- ALV2.SG current support level is at 130.50 which is the 100.00 % fibonacci retracement of the last 5.50 $ move.
4- ALV2.SG current resistance level is at 132.60 which is the 61.80 % fibonacci retracement of the last 5.50 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ALLIANZ N E08 (ALV2.SG) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 136.000 .
7- The Stock formed a 23.000 $ height triangle which was broken down at 135.000, target of the pattern is 112.000.
ALLIANZ N E08 (ALV2.SG) Mid term stock chart patterns for internet stock trading :

None.
ALLIANZ N E08 (ALV2.SG) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
ALLIANZ N E08 (ALV2.SG) was trading in a 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 : 132.60, 132.94, 133.25, 133.53, 133.90, 134.00, 134.47, 134.70, 136.00, 295.61.
Stock Support levels : 130.50, 129.00, 127.10,.