Today we will analyze the stock EXXARO RESOURCES (LCQ.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in EXXARO RESOURCES (LCQ.BE)
1- Last bearish trend was from 12.56 $ (3/7/2011) to 11.44 $ (3/15/2011) a 1.12 $ move 2- The current bullish trend started from 11.44 $ at 3/15/2011 and is currently trading at 12.50 $.
3- LCQ.BE current support level is at 12.13 which is the 61.80 % fibonacci retracement of the last 1.12 $ move.
4- LCQ.BE current resistance level is at 12.56 which is the 100.00 % fibonacci retracement of the last 1.12 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
EXXARO RESOURCES (LCQ.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 12.560 .
EXXARO RESOURCES (LCQ.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 12.560 .
EXXARO RESOURCES (LCQ.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 11.440 and 9.220, and is currently supporting at 11.493.

Stock Trading Conclusion:
EXXARO RESOURCES (LCQ.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 : 12.53, 12.56, 12.86, 13.25.
Stock Support levels : 12.25, 12.13, 12.10, 12.00, 11.97, 11.87, 11.84, 11.77, 11.70, 11.49, 11.44,.