Today we will analyze the stock LEXICON PHARMA (LX3.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in LEXICON PHARMA (LX3.SG)
1- Last bearish trend was from 1.24 $ (4/26/2012) to 1.11 $ (5/2/2012) a 0.13 $ move 2- The current bullish trend started from 1.11 $ at 5/2/2012 and is currently trading at 1.16 $.
3- LX3.SG current support level is at 1.16 which is the 38.20 % fibonacci retracement of the last 0.13 $ move.
4- LX3.SG current resistance level is at 1.17 which is the 50.00 % fibonacci retracement of the last 0.13 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
LEXICON PHARMA (LX3.SG) Short term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1.240 and 1.250, and is currently resisting at 1.231.
LEXICON PHARMA (LX3.SG) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 1.240 and 1.250, and is currently resisting at 1.231.
LEXICON PHARMA (LX3.SG) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 1.240 and 1.460, and is currently resisting at 1.185.

Stock Trading Conclusion:
LEXICON PHARMA (LX3.SG) was trading in a bearish 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 : 1.17, 1.18, 1.19, 1.23, 1.24, 1.28, 1.32.
Stock Support levels : 1.16, 1.15, 1.14, 1.14, 1.13, 1.13, 1.11,.