Today we will analyze the stock Corriente Res Inc (ETQ) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Corriente Res Inc (ETQ)
1- Last bearish trend was from 8.41 $ (4/14/2010) to 7.84 $ (5/6/2010) a 0.57 $ move 2- The current bullish trend started from 7.84 $ at 5/6/2010 and is currently trading at 8.36 $.
3- ETQ current support level is at 8.19 which is the 61.80 % fibonacci retracement of the last 0.57 $ move.
4- ETQ current resistance level is at 8.41 which is the 100.00 % fibonacci retracement of the last 0.57 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Corriente Res Inc (ETQ) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 8.410 .
7- The Stock formed a 1.090 $ height triangle.
Corriente Res Inc (ETQ) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 8.410 .
9- The Stock formed a 1.090 $ height triangle.
Corriente Res Inc (ETQ) Long term stock chart patterns for internet stock trading :

10- The Stock traded in a bullish stock channel identifed by support at 7.340 and 5.770,resistance between 8.430 and 6.360 which was broken down at 8.180.

Stock Trading Conclusion:
Corriente Res Inc (ETQ) was trading in a 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 : 8.36, 8.37, 8.38, 8.41, 8.57, 8.75, 8.76.
Stock Support levels : 8.24, 8.19, 8.16, 8.13, 8.10, 8.06, 8.04, 7.97, 7.84,.