Today we will analyze the stock LIBBEY (LB7.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in LIBBEY (LB7.BE)
1- Last bearish trend was from 12.39 $ (3/9/2011) to 11.35 $ (3/17/2011) a 1.04 $ move 2- The current bullish trend started from 11.35 $ at 3/17/2011 and is currently trading at 11.67 $.
3- LB7.BE current support level is at 11.60 which is the 23.60 % fibonacci retracement of the last 1.04 $ move.
4- LB7.BE current resistance level is at 11.75 which is the 38.20 % fibonacci retracement of the last 1.04 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
LIBBEY (LB7.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 12.390 and 12.500, and is currently resisting at 12.029.
LIBBEY (LB7.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 2.530 $ height triangle which was broken up at 11.700, target of the pattern is 14.230 which was broken down at 12.380, target of the pattern is 9.850.
LIBBEY (LB7.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 10.660 and 9.290 that was broken down at 11.690 transforming into a resistance line.

Stock Trading Conclusion:
LIBBEY (LB7.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 : 11.75, 11.80, 11.87, 11.99, 12.03, 12.39, 12.67, 13.03, 13.77, 14.23.
Stock Support levels : 11.60, 11.59, 11.55, 11.51, 11.47, 11.35, 10.20,.