Today we will analyze the stock 012 SMILE.COMMUN (SMLC.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in 012 SMILE.COMMUN (SMLC.TA)
1- Last bullish trend was from 11,000.00 $ (3/3/2010) to 12,330.00 $ (3/11/2010) a 1,330.00 $ move 2- The current bearish trend started from 12,330.00 $ at 3/11/2010 and is currently trading at 11,450.00 $.
3- SMLC.TA current support level is at 11,000.00 which is the 100.00 % fibonacci retracement of the last 1,330.00 $ move.
4- SMLC.TA current resistance level is at 11,508.06 which is the 61.80 % fibonacci retracement of the last 1,330.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
012 SMILE.COMMUN (SMLC.TA) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 11,000.000 and 8,535.000,resistance between 12,330.000 and 11,600.000 which was broken down at 11,450.000 in higher than usual volume.
012 SMILE.COMMUN (SMLC.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 8,450.000 and 6,758.000 that was broken down at 8,859.000 transforming into a resistance line.
012 SMILE.COMMUN (SMLC.TA) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 3,893.000 and 3,296.000, and is currently supporting at 5,860.889.

Stock Trading Conclusion:
012 SMILE.COMMUN (SMLC.TA) 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 : 11,508.06, 11,657.68, 11,665.00, 11,786.16, 11,821.67, 11,821.94, 11,890.00, 11,993.84, 12,016.12, 12,330.00, 12,875.23.
Stock Support levels : 11,000.00, 10,638.24, 10,178.06,.