Today we will analyze the stock STORA ENSO ADR-R (ENUS.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in STORA ENSO ADR-R (ENUS.BE)
1- Last bearish trend was from 10.08 $ (1/4/2008) to 8.90 $ (1/28/2008) a 1.18 $ move 2- The current bullish trend started from 8.90 $ at 1/28/2008 and is currently trading at 9.24 $.
3- ENUS.BE current support level is at 9.18 which is the 23.60 % fibonacci retracement of the last 1.18 $ move.
4- ENUS.BE current resistance level is at 9.35 which is the 38.20 % fibonacci retracement of the last 1.18 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
STORA ENSO ADR-R (ENUS.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 10.080 and 10.880 that was broken up at 9.100 transforming into a supporting line.
STORA ENSO ADR-R (ENUS.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 11.130 and 12.610 that was broken up at 8.900 transforming into a supporting line.
STORA ENSO ADR-R (ENUS.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 12.610 and 13.470 that was broken up at 9.240 transforming into a supporting line.

Stock Trading Conclusion:
STORA ENSO ADR-R (ENUS.BE) was trading in a bearish 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 : 9.35, 9.49, 9.63, 10.08, 10.40, 10.81.
Stock Support levels : 9.18, 9.16, 9.11, 9.07, 9.03, 8.90, 4.95, -0.32,.