Today we will analyze the stock VALE R DOCE N1 (CVLC.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in VALE R DOCE N1 (CVLC.SG)
1- Last bullish trend was from 16.95 $ (4/12/2012) to 18.05 $ (4/13/2012) a 1.10 $ move 2- The current bearish trend started from 18.05 $ at 4/13/2012 and is currently trading at 16.35 $.
3- CVLC.SG current support level is at 16.27 which is the 161.80 % fibonacci retracement of the last 1.10 $ move.
4- CVLC.SG current resistance level is at 16.65 which is the 127.20 % fibonacci retracement of the last 1.10 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
VALE R DOCE N1 (CVLC.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 16.950 and 16.860 that was broken down at 17.000 transforming into a resistance line.
VALE R DOCE N1 (CVLC.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 18.050 and 18.350, and is currently resisting at 17.825.
VALE R DOCE N1 (CVLC.SG) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 15.770 .

Stock Trading Conclusion:
VALE R DOCE N1 (CVLC.SG) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 16.65, 16.75, 16.95, 17.00, 17.13, 17.20, 17.37, 17.40, 17.50, 17.63, 17.79, 17.82, 17.92, 18.05,.
Stock Support levels : 16.27,.