Today we will analyze the stock INDITEX R (IXD.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in INDITEX R (IXD.SG)
1- Last bullish trend was from 66.40 $ (3/6/2012) to 73.39 $ (4/2/2012) a 6.99 $ move 2- The current bearish trend started from 73.39 $ at 4/2/2012 and is currently trading at 67.88 $.
3- IXD.SG current support level is at 66.40 which is the 100.00 % fibonacci retracement of the last 6.99 $ move.
4- IXD.SG current resistance level is at 69.07 which is the 61.80 % fibonacci retracement of the last 6.99 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
INDITEX R (IXD.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 66.400 and 61.900 that was broken down at 68.570 transforming into a resistance line.
INDITEX R (IXD.SG) Mid term stock chart patterns for internet stock trading :

None.
INDITEX R (IXD.SG) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 59.720 and 53.600 that was broken down at 68.570 transforming into a resistance line.

Stock Trading Conclusion:
INDITEX R (IXD.SG) was trading in a bullish wave, which is becoming weaker .
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 : 69.07, 69.18, 69.90, 69.95, 69.98, 70.17, 70.64, 70.72, 71.29, 71.74, 73.39,.
Stock Support levels : 66.40, 64.50,.