Today we will analyze the stock SOTHEBYS (SBYA.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in SOTHEBYS (SBYA.SG)
1- Last bearish trend was from 34.79 $ (3/6/2014) to 33.40 $ (3/7/2014) a 1.39 $ move 2- The current bullish trend started from 33.40 $ at 3/7/2014 and is currently trading at 34.79 $.
3- SBYA.SG current support level is at 34.79 which is the 100.00 % fibonacci retracement of the last 1.39 $ move.
4- SBYA.SG current resistance level is at 35.17 which is the 127.20 % fibonacci retracement of the last 1.39 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SOTHEBYS (SBYA.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 34.790 and 36.810 that was broken up at 34.790 transforming into a supporting line.
SOTHEBYS (SBYA.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 36.810 .
SOTHEBYS (SBYA.SG) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 14.060 $ height triangle.

Stock Trading Conclusion:
SOTHEBYS (SBYA.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 : 35.17, 35.65, 36.89.
Stock Support levels : 34.46, 34.26, 34.10, 33.98, 33.93, 33.73, 33.40,.