Today we will analyze the stock GRENKELEASING (GLJ.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in GRENKELEASING (GLJ.SG)
1- Last bullish trend was from 46.15 $ (4/11/2012) to 50.22 $ (4/30/2012) a 4.07 $ move 2- The current bearish trend started from 50.22 $ at 4/30/2012 and is currently trading at 48.37 $.
3- GLJ.SG current support level is at 48.19 which is the 50.00 % fibonacci retracement of the last 4.07 $ move.
4- GLJ.SG current resistance level is at 48.67 which is the 38.20 % fibonacci retracement of the last 4.07 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
GRENKELEASING (GLJ.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 46.150 and 44.490 that was broken down at 50.000 transforming into a resistance line.
GRENKELEASING (GLJ.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 43.120 and 33.500,resistance between 47.860 and 39.130 which was broken down at 48.370.
GRENKELEASING (GLJ.SG) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 43.120 and 33.500,resistance between 47.860 and 39.130 which was broken down at 48.370.

Stock Trading Conclusion:
GRENKELEASING (GLJ.SG) was trading in a strong bullish wave, which is becoming stronger .
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 : 48.42, 48.67, 48.81, 49.08, 49.26, 49.29, 49.51, 50.22, 50.85.
Stock Support levels : 48.19, 47.70, 46.15, 45.04,.