Today we will analyze the stock GERICOM (GRO.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in GERICOM (GRO.BE)
1- Last bullish trend was from 0.51 $ (7/21/2009) to 0.59 $ (7/23/2009) a 0.08 $ move 2- The current bearish trend started from 0.59 $ at 7/23/2009 and is currently trading at 0.57 $.
3- GRO.BE current support level is at 0.56 which is the 38.20 % fibonacci retracement of the last 0.08 $ move.
4- GRO.BE current resistance level is at 0.57 which is the 23.60 % fibonacci retracement of the last 0.08 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
GERICOM (GRO.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.590 and 0.600, and is currently resisting at 0.589.
GERICOM (GRO.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.630 and 0.800 that was broken up at 0.590 transforming into a supporting line.
GERICOM (GRO.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.630 and 0.800 that was broken up at 0.590 transforming into a supporting line.

Stock Trading Conclusion:
GERICOM (GRO.BE) was trading in a strong 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 : 0.571, 0.575, 0.578, 0.580, 0.582, 0.589, 0.590,.
Stock Support levels : 0.559, 0.550, 0.541, 0.527, 0.510, 0.488,.