Today we will analyze the stock ACERGY (SOC.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in ACERGY (SOC.SG)
1- Last bullish trend was from 12.68 $ (2/20/2014) to 14.03 $ (3/5/2014) a 1.35 $ move 2- The current bearish trend started from 14.03 $ at 3/5/2014 and is currently trading at 12.84 $.
3- SOC.SG current support level is at 12.68 which is the 100.00 % fibonacci retracement of the last 1.35 $ move.
4- SOC.SG current resistance level is at 13.20 which is the 61.80 % fibonacci retracement of the last 1.35 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
ACERGY (SOC.SG) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 12.680 .
ACERGY (SOC.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 12.630 and 12.850,resistance between 14.030 and 14.270, the stock channel is currently supported from below by 12.465 and resisted from above by 14.009.
ACERGY (SOC.SG) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 14.270 and 16.170, and is currently resisting at 13.118.

Stock Trading Conclusion:
ACERGY (SOC.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 : 13.12, 13.12, 13.20, 13.29, 13.35, 13.43, 13.51, 13.58, 13.71, 14.03,.
Stock Support levels : 12.73, 12.69, 12.68, 12.31,.