Today we will analyze the stock PETROTEC (PT8.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in PETROTEC (PT8.SG)
1- Last bullish trend was from 1.07 $ (4/19/2012) to 1.13 $ (4/26/2012) a 0.06 $ move 2- The current bearish trend started from 1.13 $ at 4/26/2012 and is currently trading at 1.01 $.
3- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PETROTEC (PT8.SG) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 1.130 and 1.440, and is currently resisting at 1.058.
PETROTEC (PT8.SG) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 0.530 $ height triangle which was broken down at 1.270, target of the pattern is 0.740.
PETROTEC (PT8.SG) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 0.530 $ height triangle which was broken down at 1.270, target of the pattern is 0.740.

Stock Trading Conclusion:
PETROTEC (PT8.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 : 1.04, 1.06, 1.06, 1.07, 1.08, 1.13, 1.86,.
Stock Support levels : 0.74,.