Today we will analyze the stock UNITED MICRO SP ADR (UMCB.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in UNITED MICRO SP ADR (UMCB.SG)
1- Last bullish trend was from 1.74 $ (4/2/2012) to 1.94 $ (5/2/2012) a 0.20 $ move 2- The current bearish trend started from 1.94 $ at 5/2/2012 and is currently trading at 1.84 $.
3- UMCB.SG current support level is at 1.82 which is the 61.80 % fibonacci retracement of the last 0.20 $ move.
4- UMCB.SG current resistance level is at 1.84 which is the 50.00 % fibonacci retracement of the last 0.20 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
UNITED MICRO SP ADR (UMCB.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.940 and 1.950, and is currently resisting at 1.939.
UNITED MICRO SP ADR (UMCB.SG) Mid term stock chart patterns for internet stock trading :

None.
UNITED MICRO SP ADR (UMCB.SG) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.740 and 1.410 that was broken down at 1.840 transforming into a resistance line.

Stock Trading Conclusion:
UNITED MICRO SP ADR (UMCB.SG) was trading in a bearish 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 : 1.84, 1.86, 1.88, 1.89, 1.89, 1.90, 1.94, 1.94,.
Stock Support levels : 1.82, 1.74, 1.69,.