Today we will analyze the stock STE GENERALE-A- (SGE.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in STE GENERALE-A- (SGE.SG)
1- Last bearish trend was from 18.10 $ (5/2/2012) to 17.05 $ (5/3/2012) a 1.05 $ move 2- The current bullish trend started from 17.05 $ at 5/3/2012 and is currently trading at 17.68 $.
3- SGE.SG current support level is at 17.58 which is the 50.00 % fibonacci retracement of the last 1.05 $ move.
4- SGE.SG current resistance level is at 17.70 which is the 61.80 % fibonacci retracement of the last 1.05 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
STE GENERALE-A- (SGE.SG) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 1.750 $ height triangle.
STE GENERALE-A- (SGE.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 18.400 and 25.240 that was broken up at 18.050 transforming into a supporting line.
STE GENERALE-A- (SGE.SG) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 25.240 .
9- The Stock formed a 3.470 $ height triangle which was broken down at 23.160, target of the pattern is 19.690.

Stock Trading Conclusion:
STE GENERALE-A- (SGE.SG) was trading in a strong bearish wave, which is becoming stronger .
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 : 17.70, 18.10, 18.39, 18.75, 25.36, 25.51, 25.96.
Stock Support levels : 17.58, 17.53, 17.45, 17.44, 17.36, 17.30, 17.29, 17.05,.