Today we will analyze the stock GMO INTERNET (IQ3.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in GMO INTERNET (IQ3.SG)
1- Last bullish trend was from 3.65 $ (4/11/2012) to 4.05 $ (4/24/2012) a 0.40 $ move 2- The current bearish trend started from 4.05 $ at 4/24/2012 and is currently trading at 3.72 $.
3- IQ3.SG current support level is at 3.65 which is the 100.00 % fibonacci retracement of the last 0.40 $ move.
4- IQ3.SG current resistance level is at 3.80 which is the 61.80 % fibonacci retracement of the last 0.40 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
GMO INTERNET (IQ3.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 3.650 and 0.460 that was broken down at 3.870 transforming into a resistance line.
GMO INTERNET (IQ3.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.460 .
GMO INTERNET (IQ3.SG) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
GMO INTERNET (IQ3.SG) was trading in a strong bullish wave, which is becoming weaker .
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 : 3.80, 3.80, 3.85, 3.85, 3.89, 3.90, 3.92, 3.96, 4.05, 9.68.
Stock Support levels : 3.65, 3.54, 3.40, 0.46,.