Today we will analyze the stock SUESS MICROTEC (SMH.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in SUESS MICROTEC (SMH.SG)
1- Last bullish trend was from 6.80 $ (9/5/2011) to 7.36 $ (9/7/2011) a 0.56 $ move 2- The current bearish trend started from 7.36 $ at 9/7/2011 and is currently trading at 6.76 $.
3- SMH.SG current support level is at 6.65 which is the 127.20 % fibonacci retracement of the last 0.56 $ move.
4- SMH.SG current resistance level is at 6.80 which is the 100.00 % fibonacci retracement of the last 0.56 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SUESS MICROTEC (SMH.SG) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 6.800 that failed and formed a resistance.
7- The Stock was resisted by a resistance line, identified by two points: 7.360 and 7.870, and is currently resisting at 6.952.
SUESS MICROTEC (SMH.SG) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 6.800 that failed and formed a resistance.
9- The Stock was resisted by a resistance line, identified by two points: 7.360 and 7.870, and is currently resisting at 6.952.
SUESS MICROTEC (SMH.SG) Long term stock chart patterns for internet stock trading :

10- The Stock formed a 1.790 $ height triangle which was broken down at 6.800 in higher than usual volume, target of the pattern is 5.010.

Stock Trading Conclusion:
SUESS MICROTEC (SMH.SG) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 6.79, 6.80, 6.90, 6.95, 6.99, 7.01, 7.06, 7.08, 7.13, 7.15, 7.23, 7.36, 7.59.
Stock Support levels : 6.65, 6.45,.