Today we will analyze the stock SUMITOMO TRUST and BANK (UMI.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in SUMITOMO TRUST and BANK (UMI.SG)
1- Last bullish trend was from 3.16 $ (3/15/2011) to 3.99 $ (3/22/2011) a 0.83 $ move 2- The current bearish trend started from 3.99 $ at 3/22/2011 and is currently trading at 3.88 $.
3- UMI.SG current support level is at 3.79 which is the 23.60 % fibonacci retracement of the last 0.83 $ move.
4- UMI.SG current resistance level is at 3.99 which is the 0.00 % fibonacci retracement of the last 0.83 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SUMITOMO TRUST and BANK (UMI.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 3.990 and 4.720, and is currently resisting at 3.893.
SUMITOMO TRUST and BANK (UMI.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 4.720 and 4.790, and is currently resisting at 4.684.
SUMITOMO TRUST and BANK (UMI.SG) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 4.720 and 4.790, and is currently resisting at 4.684.

Stock Trading Conclusion:
SUMITOMO TRUST and BANK (UMI.SG) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 3.89, 3.91, 3.92, 3.93, 3.95, 3.99, 4.63, 4.68,.
Stock Support levels : 3.79, 3.67, 3.58, 3.48, 3.16, 2.93,.