Today we will analyze the stock SABA SOFTWARE (SQM1.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in SABA SOFTWARE (SQM1.SG)
1- Last bullish trend was from 6.40 $ (3/5/2013) to 7.11 $ (3/19/2013) a 0.71 $ move 2- The current bearish trend started from 7.11 $ at 3/19/2013 and is currently trading at 5.04 $.
3- According to ADX Indicator, the trend is currently strong 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.
SABA SOFTWARE (SQM1.SG) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 6.400 and 6.320 that was broken down at 6.400 transforming into a resistance line.
SABA SOFTWARE (SQM1.SG) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 1.690 $ height triangle which was broken down at 6.400, target of the pattern is 4.710.
SABA SOFTWARE (SQM1.SG) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 1.690 $ height triangle which was broken down at 6.400, target of the pattern is 4.710.

Stock Trading Conclusion:
SABA SOFTWARE (SQM1.SG) was trading in a strong 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 : 5.53, 5.83, 6.07, 6.32, 6.61, 6.66, 7.11.
Stock Support levels : 4.71,.