Today we will analyze the stock AFR ENERGY RES CDIS (BP6.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in AFR ENERGY RES CDIS (BP6.BE)
1- Last bearish trend was from 0.46 $ (3/31/2011) to 0.43 $ (4/5/2011) a 0.03 $ move 2- The current bullish trend started from 0.43 $ at 4/5/2011 and is currently trading at 0.45 $.
3- BP6.BE current support level is at 0.45 which is the 61.80 % fibonacci retracement of the last 0.03 $ move.
4- BP6.BE current resistance level is at 0.46 which is the 100.00 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
AFR ENERGY RES CDIS (BP6.BE) Short term stock chart patterns for internet stock trading :

7- The Stock is trading in a stock channel between 0.430 $ and 0.460 $.

AFR ENERGY RES CDIS (BP6.BE) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 0.120 $ height triangle which was broken up at 0.440, target of the pattern is 0.560 which was broken down at 0.440, target of the pattern is 0.320.
AFR ENERGY RES CDIS (BP6.BE) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 0.490 and 0.640 that was broken up at 0.450 transforming into a supporting line.

Stock Trading Conclusion:
AFR ENERGY RES CDIS (BP6.BE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 0.460, 0.468, 0.479, 0.484, 0.560.
Stock Support levels : 0.449, 0.445, 0.445, 0.442, 0.441, 0.440, 0.438, 0.437, 0.434, 0.430, 0.320,.