Today we will analyze the stock DROMANA FPO (DMY.AX) for internet stock trading in the AX stock market,
Stock Technical indicators to notice in DROMANA FPO (DMY.AX)
1- Last bullish trend was from 0.01 $ (4/3/2012) to 0.02 $ (4/13/2012) a 0.01 $ move 2- The current bearish trend started from 0.02 $ at 4/13/2012 and is currently trading at 0.01 $.
3- DMY.AX current support level is at 0.01 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- DMY.AX current resistance level is at 0.01 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
DROMANA FPO (DMY.AX) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 0.010 $ and 0.020 $.

DROMANA FPO (DMY.AX) Mid term stock chart patterns for internet stock trading :

7- The Stock is trading in a stock channel between 0.010 $ and 0.020 $.

DROMANA FPO (DMY.AX) Long term stock chart patterns for internet stock trading :

8- The Stock is trading in a stock channel between 0.010 $ and 0.020 $.


Stock Trading Conclusion:
DROMANA FPO (DMY.AX) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 0.012, 0.014, 0.015, 0.016, 0.018, 0.020,.
Stock Support levels : 0.007,.