Today we will analyze the stock MYLAN (MYL.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in MYLAN (MYL.SG)
1- Last bullish trend was from 16.33 $ (4/23/2012) to 16.83 $ (4/25/2012) a 0.50 $ move 2- The current bearish trend started from 16.83 $ at 4/25/2012 and is currently trading at 16.08 $.
3- MYL.SG current support level is at 16.02 which is the 161.80 % fibonacci retracement of the last 0.50 $ move.
4- MYL.SG current resistance level is at 16.19 which is the 127.20 % fibonacci retracement of the last 0.50 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
MYLAN (MYL.SG) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 16.330 that failed and formed a resistance.
7- The Stock was resisted by a resistance line, identified by two points: 16.830 and 17.270, and is currently resisting at 16.317.
MYLAN (MYL.SG) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 15.770 and 13.120 that was broken down at 17.250 transforming into a resistance line.
MYLAN (MYL.SG) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 15.770 and 12.180 that was broken down at 17.170 transforming into a resistance line.

Stock Trading Conclusion:
MYLAN (MYL.SG) was trading in a bearish wave, which is becoming stronger .
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 : 16.19, 16.26, 16.31, 16.32, 16.33, 16.37, 16.45, 16.52, 16.54, 16.58, 16.64, 16.71, 16.83, 17.61, 18.62, 19.57.
Stock Support levels : 16.02.