Today we will analyze the stock ION GEOPHYSICAL (IO8.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in ION GEOPHYSICAL (IO8.SG)
1- Last bullish trend was from 4.15 $ (4/19/2012) to 5.57 $ (5/4/2012) a 1.42 $ move 2- The current bearish trend started from 5.57 $ at 5/4/2012 and is currently trading at 5.39 $.
3- IO8.SG current support level is at 5.23 which is the 23.60 % fibonacci retracement of the last 1.42 $ move.
4- IO8.SG current resistance level is at 5.57 which is the 0.00 % fibonacci retracement of the last 1.42 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
ION GEOPHYSICAL (IO8.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 4.150 and 4.050, and is currently supporting at 4.307.
ION GEOPHYSICAL (IO8.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 5.030 and 6.500 that was broken up at 4.250 transforming into a supporting line.
ION GEOPHYSICAL (IO8.SG) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
ION GEOPHYSICAL (IO8.SG) was trading in a strong bullish 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 : 5.43, 5.46, 5.48, 5.50, 5.57,.
Stock Support levels : 5.23, 5.03, 4.86, 4.69, 4.31, 4.15, 3.86, 3.76,.