Today we will analyze the stock UMICORE (NVJN.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in UMICORE (NVJN.SG)
1- Last bearish trend was from 33.25 $ (1/2/2014) to 29.92 $ (1/30/2014) a 3.33 $ move 2- The current bullish trend started from 29.92 $ at 1/30/2014 and is currently trading at 34.90 $.
3- NVJN.SG current support level is at 34.16 which is the 127.20 % fibonacci retracement of the last 3.33 $ move.
4- NVJN.SG current resistance level is at 35.31 which is the 161.80 % fibonacci retracement of the last 3.33 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
UMICORE (NVJN.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 33.250 and 35.930 that was broken up at 32.980 transforming into a supporting line.
UMICORE (NVJN.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 33.250 and 35.930 that was broken up at 32.980 transforming into a supporting line.
UMICORE (NVJN.SG) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 29.920 and 30.710,resistance between 36.310 and 36.750, the stock channel is currently supported from below by 29.775 and resisted from above by 35.661.

Stock Trading Conclusion:
UMICORE (NVJN.SG) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 35.31.
Stock Support levels : 34.16, 33.72, 33.25, 33.00, 32.41, 31.98, 31.82, 31.58, 31.19, 30.73, 30.71, 29.92,.