Today we will analyze the stock PHION (IWO.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in PHION (IWO.SG)
1- Last bullish trend was from 13.86 $ (11/10/2011) to 17.82 $ (12/20/2011) a 3.96 $ move 2- The current bearish trend started from 17.82 $ at 12/20/2011 and is currently trading at 5.99 $.
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.
PHION (IWO.SG) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 17.820 and 19.800, and is currently resisting at 17.129.
PHION (IWO.SG) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 17.820 and 19.800, and is currently resisting at 17.129.
PHION (IWO.SG) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 13.860 $ height triangle which was broken down at 9.900, target of the pattern is -3.960.

Stock Trading Conclusion:
PHION (IWO.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 : 8.78, 10.51, 11.90, 13.30, 14.39, 17.13, 17.82.
Stock Support levels : -3.96.