Today we will analyze the stock Rydex Etf Trust (RYU) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Rydex Etf Trust (RYU)
1- Last bearish trend was from 55.27 $ (3/13/2012) to 53.02 $ (4/10/2012) a 2.25 $ move 2- The current bullish trend started from 53.02 $ at 4/10/2012 and is currently trading at 54.60 $.
3- RYU current support level is at 54.41 which is the 61.80 % fibonacci retracement of the last 2.25 $ move.
4- RYU current resistance level is at 55.27 which is the 100.00 % fibonacci retracement of the last 2.25 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Rydex Etf Trust (RYU) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 53.020 $ and 55.270 $.

Rydex Etf Trust (RYU) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 50.710 and 49.600,resistance between 53.990 and 52.990, the stock channel is currently supported from below by 54.225 and resisted from above by 57.201.
Rydex Etf Trust (RYU) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 46.030 and 42.690, and is currently supporting at 48.118.

Stock Trading Conclusion:
Rydex Etf Trust (RYU) 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 : 55.27, 55.33, 55.37, 55.40, 55.88, 56.66.
Stock Support levels : 54.41, 54.23, 54.15, 54.00, 53.88, 53.81, 53.62, 53.55, 53.07, 53.04, 53.02, 53.02,.