Today we will analyze the stock SHAMIR OPTICAL IND (SO8.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in SHAMIR OPTICAL IND (SO8.SG)
1- Last bearish trend was from 9.61 $ (5/23/2011) to 9.24 $ (6/7/2011) a 0.37 $ move 2- The current bullish trend started from 9.24 $ at 6/7/2011 and is currently trading at 9.62 $.
3- SO8.SG current support level is at 9.61 which is the 100.00 % fibonacci retracement of the last 0.37 $ move.
4- SO8.SG current resistance level is at 9.71 which is the 127.20 % fibonacci retracement of the last 0.37 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
SHAMIR OPTICAL IND (SO8.SG) Short term stock chart patterns for internet stock trading :

7- The Stock formed a 0.590 $ height triangle which was broken up at 9.740, target of the pattern is 10.330.
SHAMIR OPTICAL IND (SO8.SG) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 1.780 $ height triangle which was broken up at 9.330, target of the pattern is 11.110.
SHAMIR OPTICAL IND (SO8.SG) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 9.020 and 7.350 that was broken down at 9.460 transforming into a resistance line.

Stock Trading Conclusion:
SHAMIR OPTICAL IND (SO8.SG) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 9.71, 9.84, 10.07, 10.33, 11.11.
Stock Support levels : 9.61, 9.54, 9.53, 9.47, 9.47, 9.43, 9.42, 9.39, 9.38, 9.33, 9.24,.