Today we will analyze the stock SHANDA INTER SP ADR (RZP.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in SHANDA INTER SP ADR (RZP.SG)
1- Last bullish trend was from 23.42 $ (10/13/2011) to 31.84 $ (1/13/2012) a 8.42 $ move 2- The current bearish trend started from 31.84 $ at 1/13/2012 and is currently trading at 31.07 $.
3- RZP.SG current support level is at 29.85 which is the 23.60 % fibonacci retracement of the last 8.42 $ move.
4- RZP.SG current resistance level is at 31.84 which is the 0.00 % fibonacci retracement of the last 8.42 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
SHANDA INTER SP ADR (RZP.SG) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 23.420 .
SHANDA INTER SP ADR (RZP.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 3.720 $ height triangle which was broken up at 28.000, target of the pattern is 31.720 which was broken down at 28.170, target of the pattern is 24.450.
SHANDA INTER SP ADR (RZP.SG) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 21.770 .
9- The Stock formed a 6.000 $ height triangle which was broken up at 28.000, target of the pattern is 34.000.

Stock Trading Conclusion:
SHANDA INTER SP ADR (RZP.SG) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 31.25, 31.36, 31.45, 31.55, 31.72, 31.84, 34.00, 58.58.
Stock Support levels : 29.85, 28.62, 27.63, 26.64, 25.60, 25.35, 25.10, 24.45, 23.42, 22.64, 22.09, 21.13, 18.56,.