Today we will analyze the stock LEE PHARMACEUTICAL (L1P.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in LEE PHARMACEUTICAL (L1P.BE)
1- Last bullish trend was from 0.26 $ (3/30/2011) to 0.27 $ (3/31/2011) a 0.01 $ move 2- The current bearish trend started from 0.27 $ at 3/31/2011 and is currently trading at 0.26 $.
3- L1P.BE current support level is at 0.26 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- L1P.BE current resistance level is at 0.26 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 becoming weaker.
LEE PHARMACEUTICAL (L1P.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.270 .
7- The Stock formed a 0.020 $ height triangle which was broken down at 0.260, target of the pattern is 0.240.
LEE PHARMACEUTICAL (L1P.BE) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.290 and 0.310 that was broken up at 0.270 transforming into a supporting line.
LEE PHARMACEUTICAL (L1P.BE) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bearish stock channel identifed by support at 0.220 and 0.270,resistance between 0.310 and 0.360 which was broken up at 0.270.

Stock Trading Conclusion:
LEE PHARMACEUTICAL (L1P.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 : 0.262, 0.264, 0.265, 0.266, 0.268, 0.270, 0.287.
Stock Support levels : 0.257, 0.254, 0.240, 0.236,.