Today we will analyze the stock GLENGARRY FPO (GGY.AX) for internet stock trading in the AX stock market,
Stock Technical indicators to notice in GLENGARRY FPO (GGY.AX)
1- Last bullish trend was from 0.05 $ (2/23/2010) to 0.09 $ (4/9/2010) a 0.04 $ move 2- The current bearish trend started from 0.09 $ at 4/9/2010 and is currently trading at 0.08 $.
3- GGY.AX current support level is at 0.07 which is the 38.20 % fibonacci retracement of the last 0.04 $ move.
4- GGY.AX current resistance level is at 0.08 which is the 23.60 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
GLENGARRY FPO (GGY.AX) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.050 .
GLENGARRY FPO (GGY.AX) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.050 .
GLENGARRY FPO (GGY.AX) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.050 .

Stock Trading Conclusion:
GLENGARRY FPO (GGY.AX) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.081, 0.082, 0.084, 0.085, 0.086, 0.090,.
Stock Support levels : 0.075, 0.070, 0.065, 0.060, 0.050, 0.039,.