Today we will analyze the stock ARCELOR REG. (ARR.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in ARCELOR REG. (ARR.SG)
1- Last bullish trend was from 61.86 $ (10/23/2007) to 65.94 $ (10/30/2007) a 4.08 $ move 2- The current bearish trend started from 65.94 $ at 10/30/2007 and is currently trading at 60.00 $.
3- ARR.SG current support level is at 59.34 which is the 161.80 % fibonacci retracement of the last 4.08 $ move.
4- ARR.SG current resistance level is at 60.75 which is the 127.20 % fibonacci retracement of the last 4.08 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
ARCELOR REG. (ARR.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 61.860 and 61.520 that was broken down at 60.320 transforming into a resistance line.
ARCELOR REG. (ARR.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 53.500 and 46.170 that was broken down at 63.450 transforming into a resistance line.
ARCELOR REG. (ARR.SG) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
ARCELOR REG. (ARR.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 : 60.75, 61.40, 61.86, 62.27, 62.63, 62.97, 63.42, 63.67, 63.90, 64.38, 64.98, 65.94, 67.77.
Stock Support levels :.