Today we will analyze the stock SHIRE ADR (SP2.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in SHIRE ADR (SP2.SG)
1- Last bullish trend was from 118.05 $ (3/3/2014) to 123.24 $ (3/5/2014) a 5.19 $ move 2- The current bearish trend started from 123.24 $ at 3/5/2014 and is currently trading at 116.05 $.
3- SP2.SG current support level is at 114.84 which is the 161.80 % fibonacci retracement of the last 5.19 $ move.
4- SP2.SG current resistance level is at 116.64 which is the 127.20 % fibonacci retracement of the last 5.19 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
SHIRE ADR (SP2.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 118.050 and 116.180 that was broken down at 116.330 transforming into a resistance line.
SHIRE ADR (SP2.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 95.780 and 84.110, and is currently supporting at 111.002.
SHIRE ADR (SP2.SG) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 70.410 and 65.640, and is currently supporting at 97.987.

Stock Trading Conclusion:
SHIRE ADR (SP2.SG) was trading in a strong bullish 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 : 116.64, 117.75, 118.05, 118.80, 119.09, 119.65, 120.03, 120.49, 120.65, 121.26, 122.02, 123.24,.
Stock Support levels : 114.84, 111.00, 110.14,.