Friedman Industries Inc. (AMEX: FRD) (AMEX:FRD) Stock Research Trends Targets and Technical Analysis - AMEX American exchange [en]

Today we will analyze the stock Friedman Industries Inc. (FRD) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Friedman Industries Inc. (FRD)
1- Last bearish trend was from 5.79 $ (2/11/2010) to 5.45 $ (3/1/2010) a 0.34 $ move 2- The current bullish trend started from 5.45 $ at 3/1/2010 and is currently trading at 5.63 $. 3- FRD current support level is at 5.62 which is the 50.00 % fibonacci retracement of the last 0.34 $ move.
4- FRD current resistance level is at 5.66 which is the 61.80 % fibonacci retracement of the last 0.34 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Friedman Industries Inc. (FRD) Short term stock chart patterns for internet stock trading :

None.
Friedman Industries Inc. (FRD) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 6.080 and 6.150, and is currently resisting at 6.008.
Friedman Industries Inc. (FRD) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 6.080 and 6.150, and is currently resisting at 6.008.

Stock Trading Conclusion:
Friedman Industries Inc. (FRD) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 5.66, 5.79, 5.88, 6.00, 6.01,.
Stock Support levels : 5.62, 5.59, 5.58, 5.56, 5.54, 5.53, 5.52, 5.45,.