Today we will analyze the stock SH INDUSTRIAL (SGI.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in SH INDUSTRIAL (SGI.SG)
1- Last bullish trend was from 2.40 $ (3/3/2014) to 2.48 $ (3/6/2014) a 0.08 $ move 2- The current bearish trend started from 2.48 $ at 3/6/2014 and is currently trading at 2.37 $.
3- SGI.SG current support level is at 2.35 which is the 161.80 % fibonacci retracement of the last 0.08 $ move.
4- SGI.SG current resistance level is at 2.38 which is the 127.20 % fibonacci retracement of the last 0.08 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SH INDUSTRIAL (SGI.SG) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 2.400 that failed and formed a resistance.
7- The Stock was resisted by a resistance line, identified by two points: 2.480 and 2.500, and is currently resisting at 2.472.
SH INDUSTRIAL (SGI.SG) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 2.330 and 1.810 that was broken down at 2.590 transforming into a resistance line.
SH INDUSTRIAL (SGI.SG) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 1.810 and 1.470 that was broken down at 2.670 transforming into a resistance line.

Stock Trading Conclusion:
SH INDUSTRIAL (SGI.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 : 2.38, 2.40, 2.40, 2.41, 2.42, 2.43, 2.44, 2.44, 2.45, 2.46, 2.47, 2.48, 2.86, 3.11.
Stock Support levels :.