Today we will analyze the stock ERONGO ENERGY (L6Y.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in ERONGO ENERGY (L6Y.BE)
1- Last bullish trend was from 0.16 $ (4/4/2011) to 0.17 $ (4/5/2011) a 0.01 $ move 2- The current bearish trend started from 0.17 $ at 4/5/2011 and is currently trading at 0.13 $.
3- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ERONGO ENERGY (L6Y.BE) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 0.160 that failed and formed a resistance.
5- The Stock formed Double Top Pattern at 0.170 .
ERONGO ENERGY (L6Y.BE) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.150 and 0.070 that was broken down at 0.160 transforming into a resistance line.
ERONGO ENERGY (L6Y.BE) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
ERONGO ENERGY (L6Y.BE) was trading in a bullish 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 : 0.139, 0.145, 0.150, 0.155, 0.160, 0.170, 0.239.
Stock Support levels :.