Today we will analyze the stock SIFY SP ADR (IWY1.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in SIFY SP ADR (IWY1.SG)
1- Last bullish trend was from 2.31 $ (4/17/2012) to 2.41 $ (4/25/2012) a 0.10 $ move 2- The current bearish trend started from 2.41 $ at 4/25/2012 and is currently trading at 2.01 $.
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.
SIFY SP ADR (IWY1.SG) Short term stock chart patterns for internet stock trading :

4- The Stock traded in a bearish stock channel identifed by support at 2.310 and 2.350,resistance between 2.410 and 2.480 which was broken down at 2.200.
SIFY SP ADR (IWY1.SG) Mid term stock chart patterns for internet stock trading :

5- The Stock traded in a bearish stock channel identifed by support at 2.420 and 2.810,resistance between 2.590 and 3.000 which was broken up at 2.420 in higher than usual volume.
SIFY SP ADR (IWY1.SG) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2.970 and 2.130 that was broken down at 3.170 transforming into a resistance line.

Stock Trading Conclusion:
SIFY SP ADR (IWY1.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 : 2.10, 2.16, 2.21, 2.21, 2.26, 2.41, 5.81.
Stock Support levels : 1.96.