Today we will analyze the stock MERCK SERONO -B- (SO5B.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in MERCK SERONO -B- (SO5B.SG)
1- Last bearish trend was from 667.65 $ (6/7/2007) to 634.07 $ (6/8/2007) a 33.58 $ move 2- The current bullish trend started from 634.07 $ at 6/8/2007 and is currently trading at 659.64 $.
3- SO5B.SG current support level is at 654.82 which is the 61.80 % fibonacci retracement of the last 33.58 $ move.
4- SO5B.SG current resistance level is at 667.65 which is the 100.00 % fibonacci retracement of the last 33.58 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
MERCK SERONO -B- (SO5B.SG) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 667.650 .
7- The Stock formed a 70.520 $ height triangle which was broken down at 663.780, target of the pattern is 593.260.
MERCK SERONO -B- (SO5B.SG) Mid term stock chart patterns for internet stock trading :

None.
MERCK SERONO -B- (SO5B.SG) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
MERCK SERONO -B- (SO5B.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 : 661.58, 661.88, 662.17, 667.65, 676.78, 688.40, 2,492.71.
Stock Support levels : 654.82, 653.61, 650.86, 649.87, 646.90, 646.85, 643.84, 641.99, 634.07,.