Today we will analyze the stock GOLDEN RIM FPO (GMR.AX) for internet stock trading in the AX stock market,
Stock Technical indicators to notice in GOLDEN RIM FPO (GMR.AX)
1- Last bullish trend was from 0.15 $ (4/26/2012) to 0.17 $ (4/27/2012) a 0.02 $ move 2- The current bearish trend started from 0.17 $ at 4/27/2012 and is currently trading at 0.15 $.
3- GMR.AX current support level is at 0.14 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
4- GMR.AX current resistance level is at 0.15 which is the 100.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
GOLDEN RIM FPO (GMR.AX) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.170 and 0.200, and is currently resisting at 0.157.
GOLDEN RIM FPO (GMR.AX) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.170 and 0.200, and is currently resisting at 0.157.
GOLDEN RIM FPO (GMR.AX) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.170 and 0.200, and is currently resisting at 0.157.

Stock Trading Conclusion:
GOLDEN RIM FPO (GMR.AX) was trading in a strong 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 : 0.155, 0.157, 0.158, 0.160, 0.162, 0.165, 0.170,.
Stock Support levels : 0.145,.