Today we will analyze the stock Almaden Minerals (AAU) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Almaden Minerals (AAU)
1- Last bullish trend was from 2.01 $ (8/26/2010) to 2.22 $ (8/31/2010) a 0.21 $ move 2- The current bearish trend started from 2.22 $ at 8/31/2010 and is currently trading at 2.14 $.
3- AAU current support level is at 2.14 which is the 38.20 % fibonacci retracement of the last 0.21 $ move.
4- AAU current resistance level is at 2.17 which is the 23.60 % fibonacci retracement of the last 0.21 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
Almaden Minerals (AAU) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.670 $ height triangle which was broken down at 2.140 in higher than usual volume, target of the pattern is 1.470.
Almaden Minerals (AAU) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 2.010 and 1.670 that was broken down at 2.140 transforming into a resistance line.
Almaden Minerals (AAU) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 2.010 and 1.670 that was broken down at 2.140 transforming into a resistance line.

Stock Trading Conclusion:
Almaden Minerals (AAU) was trading in a strong bullish wave, which is becoming stronger .
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 : 2.16, 2.17, 2.17, 2.18, 2.19, 2.22, 2.24,.
Stock Support levels : 2.14, 2.12, 2.09, 2.01, 1.95, 1.88, 1.67, 1.47,.