Today we will analyze the stock BEST BUY (BUY.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in BEST BUY (BUY.SG)
1- Last bullish trend was from 16.27 $ (4/20/2012) to 16.76 $ (5/2/2012) a 0.49 $ move 2- The current bearish trend started from 16.76 $ at 5/2/2012 and is currently trading at 15.89 $.
3- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
BEST BUY (BUY.SG) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 16.760 and 20.360, and is currently resisting at 16.310.
BEST BUY (BUY.SG) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Bottom Pattern at 18.190 that failed and formed a resistance.
6- The Stock was supported by a support line, identified by two points: 18.190 and 18.170 that was broken down at 17.910 transforming into a resistance line.
BEST BUY (BUY.SG) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 4.410 $ height triangle which was broken down at 17.910, target of the pattern is 13.500.

Stock Trading Conclusion:
BEST BUY (BUY.SG) was trading in a strong bearish wave, which is becoming stronger .
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 : 16.10, 16.22, 16.31, 16.33, 16.43, 16.76, 18.20, 18.21, 18.66.
Stock Support levels : 13.50.