Today we will analyze the stock ELIXIR PETROLEUM (EZJ.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in ELIXIR PETROLEUM (EZJ.BE)
1- Last bullish trend was from 0.08 $ (3/11/2011) to 0.09 $ (3/14/2011) a 0.01 $ move 2- The current bearish trend started from 0.09 $ at 3/14/2011 and is currently trading at 0.08 $.
3- EZJ.BE current support level is at 0.08 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- EZJ.BE current resistance level is at 0.08 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.
ELIXIR PETROLEUM (EZJ.BE) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 0.080 and 0.100,resistance between 0.090 and 0.110 which was broken up at 0.080.
ELIXIR PETROLEUM (EZJ.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.080 and 0.100,resistance between 0.090 and 0.110 which was broken up at 0.080.
ELIXIR PETROLEUM (EZJ.BE) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 0.080 and 0.100,resistance between 0.090 and 0.110 which was broken up at 0.080.

Stock Trading Conclusion:
ELIXIR PETROLEUM (EZJ.BE) was trading in a bearish wave, which is becoming stronger .
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 : 0.082, 0.084, 0.085, 0.086, 0.088, 0.090, 0.110,.
Stock Support levels : 0.077, 0.074, 0.054,.