Today we will analyze the stock NORSK HYDRO (NOH1.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in NORSK HYDRO (NOH1.SG)
1- Last bullish trend was from 3.86 $ (4/16/2012) to 3.98 $ (4/17/2012) a 0.12 $ move 2- The current bearish trend started from 3.98 $ at 4/17/2012 and is currently trading at 3.48 $.
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.
NORSK HYDRO (NOH1.SG) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Top Pattern at 3.980 .
5- The Stock formed a 0.220 $ height triangle which was broken down at 3.880, target of the pattern is 3.660.
NORSK HYDRO (NOH1.SG) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 1.380 $ height triangle which was broken down at 4.240, target of the pattern is 2.860.
NORSK HYDRO (NOH1.SG) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 3.170 and 3.070 that was broken down at 3.780 transforming into a resistance line.

Stock Trading Conclusion:
NORSK HYDRO (NOH1.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 : 3.60, 3.67, 3.73, 3.79, 3.82, 3.98, 4.21, 4.75.
Stock Support levels :.