Today we will analyze the stock SNAM RETE GAS (SNM.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in SNAM RETE GAS (SNM.SG)
1- Last bullish trend was from 4.05 $ (2/27/2014) to 4.20 $ (2/28/2014) a 0.15 $ move 2- The current bearish trend started from 4.20 $ at 2/28/2014 and is currently trading at 4.09 $.
3- SNM.SG current support level is at 4.05 which is the 100.00 % fibonacci retracement of the last 0.15 $ move.
4- SNM.SG current resistance level is at 4.11 which is the 61.80 % fibonacci retracement of the last 0.15 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
6- Bearish Divergance in MACD Indicator .
7- Bullish Divergance in MACD Indicator .
SNAM RETE GAS (SNM.SG) Short term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 4.200 .
9- The Stock formed a 0.210 $ height triangle which was broken down at 4.050 in higher than usual volume, target of the pattern is 3.840.
SNAM RETE GAS (SNM.SG) Mid term stock chart patterns for internet stock trading :

10- The Stock was supported by a support line, identified by two points: 3.690 and 3.300, and is currently supporting at 3.882.
SNAM RETE GAS (SNM.SG) Long term stock chart patterns for internet stock trading :

11- The Stock traded in a bullish stock channel identifed by support at 3.300 and 3.060,resistance between 3.670 and 3.470 which was broken up at 3.900.

Stock Trading Conclusion:
SNAM RETE GAS (SNM.SG) was trading in a bullish 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 : 4.10, 4.11, 4.12, 4.13, 4.13, 4.14, 4.14, 4.16, 4.16, 4.16, 4.20,.
Stock Support levels : 4.05, 4.01, 3.96, 3.95, 3.88,.