Today we will analyze the stock SHINKO EL IND (SKS.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in SHINKO EL IND (SKS.SG)
1- Last bullish trend was from 5.21 $ (2/20/2014) to 5.49 $ (2/27/2014) a 0.28 $ move 2- The current bearish trend started from 5.49 $ at 2/27/2014 and is currently trading at 5.28 $.
3- SKS.SG current support level is at 5.21 which is the 100.00 % fibonacci retracement of the last 0.28 $ move.
4- SKS.SG current resistance level is at 5.32 which is the 61.80 % fibonacci retracement of the last 0.28 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SHINKO EL IND (SKS.SG) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 5.490 .
SHINKO EL IND (SKS.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 5.680 and 5.610 that was broken down at 5.690 transforming into a resistance line.
SHINKO EL IND (SKS.SG) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 5.680 and 5.610 that was broken down at 5.690 transforming into a resistance line.

Stock Trading Conclusion:
SHINKO EL IND (SKS.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 : 5.32, 5.33, 5.35, 5.36, 5.38, 5.39, 5.41, 5.42, 5.49, 5.81,.
Stock Support levels : 5.21, 5.13,.