Today we will analyze the stock DUNDARAVE RESOURCES (LBMA.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in DUNDARAVE RESOURCES (LBMA.BE)
1- Last bullish trend was from 0.41 $ (3/23/2011) to 0.44 $ (3/29/2011) a 0.03 $ move 2- The current bearish trend started from 0.44 $ at 3/29/2011 and is currently trading at 0.41 $.
3- LBMA.BE current support level is at 0.40 which is the 127.20 % fibonacci retracement of the last 0.03 $ move.
4- LBMA.BE current resistance level is at 0.41 which is the 100.00 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
DUNDARAVE RESOURCES (LBMA.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.410 .
7- The Stock formed a 0.080 $ height triangle which was broken up at 0.420, target of the pattern is 0.500.
DUNDARAVE RESOURCES (LBMA.BE) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.410 .
9- The Stock formed a 0.080 $ height triangle which was broken up at 0.420, target of the pattern is 0.500.
DUNDARAVE RESOURCES (LBMA.BE) Long term stock chart patterns for internet stock trading :

10- The Stock was resisted by a resistance line, identified by two points: 0.490 and 0.580, and is currently resisting at 0.422.

Stock Trading Conclusion:
DUNDARAVE RESOURCES (LBMA.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 : 0.417, 0.421, 0.422, 0.425, 0.425, 0.429, 0.433, 0.440, 0.500,.
Stock Support levels : 0.402, 0.395,.