Today we will analyze the stock AXEL SPRINGER N (SPR.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in AXEL SPRINGER N (SPR.SG)
1- Last bullish trend was from 45.38 $ (1/27/2014) to 51.19 $ (2/24/2014) a 5.81 $ move 2- The current bearish trend started from 51.19 $ at 2/24/2014 and is currently trading at 46.01 $.
3- SPR.SG current support level is at 45.38 which is the 100.00 % fibonacci retracement of the last 5.81 $ move.
4- SPR.SG current resistance level is at 47.60 which is the 61.80 % fibonacci retracement of the last 5.81 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
AXEL SPRINGER N (SPR.SG) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 45.380 and 42.570,resistance between 51.190 and 49.400 which was broken down at 46.870 in higher than usual volume.
AXEL SPRINGER N (SPR.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 45.380 and 36.630,resistance between 51.190 and 49.400 which was broken down at 46.870 in higher than usual volume.
AXEL SPRINGER N (SPR.SG) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 36.630 and 30.970 that was broken down at 48.830 transforming into a resistance line.

Stock Trading Conclusion:
AXEL SPRINGER N (SPR.SG) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 47.23, 47.60, 47.79, 47.83, 47.99, 48.28, 48.60, 48.97, 49.21, 49.82, 51.19, 53.49.
Stock Support levels : 45.38, 43.80,.