Today we will analyze the stock OFFICE DEPOT (ODP.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in OFFICE DEPOT (ODP.SG)
1- Last bullish trend was from 2.21 $ (4/23/2012) to 2.37 $ (4/27/2012) a 0.16 $ move 2- The current bearish trend started from 2.37 $ at 4/27/2012 and is currently trading at 1.90 $.
3- According to ADX Indicator, the trend is currently 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.
OFFICE DEPOT (ODP.SG) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 2.370 and 2.480, and is currently resisting at 2.301.
OFFICE DEPOT (ODP.SG) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 2.370 and 2.480, and is currently resisting at 2.301.
OFFICE DEPOT (ODP.SG) Long term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 2.210 and 1.600,resistance between 2.830 and 2.480 which was broken down at 2.510.

Stock Trading Conclusion:
OFFICE DEPOT (ODP.SG) was trading in a 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 : 2.01, 2.08, 2.13, 2.19, 2.30, 2.37, 2.78.
Stock Support levels :.