Today we will analyze the stock SPONDA (SDM.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in SPONDA (SDM.SG)
1- Last bullish trend was from 3.32 $ (2/5/2014) to 3.64 $ (2/28/2014) a 0.32 $ move 2- The current bearish trend started from 3.64 $ at 2/28/2014 and is currently trading at 3.53 $.
3- SDM.SG current support level is at 3.52 which is the 38.20 % fibonacci retracement of the last 0.32 $ move.
4- SDM.SG current resistance level is at 3.56 which is the 23.60 % fibonacci retracement of the last 0.32 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SPONDA (SDM.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 3.320 and 3.140, and is currently supporting at 3.463.
SPONDA (SDM.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.610 $ height triangle which was broken up at 3.560, target of the pattern is 4.170.
SPONDA (SDM.SG) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 3.750 and 4.120 that was broken up at 3.490 transforming into a supporting line.

Stock Trading Conclusion:
SPONDA (SDM.SG) was trading in a bearish 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 : 3.56, 3.56, 3.57, 3.59, 3.60, 3.64, 4.17.
Stock Support levels : 3.52, 3.51, 3.48, 3.46, 3.44, 3.32, 3.23, 3.12,.