Today we will analyze the stock LEGG MASON (LGG.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in LEGG MASON (LGG.BE)
1- Last bullish trend was from 23.37 $ (3/21/2011) to 25.50 $ (4/5/2011) a 2.13 $ move 2- The current bearish trend started from 25.50 $ at 4/5/2011 and is currently trading at 24.54 $.
3- LGG.BE current support level is at 24.44 which is the 50.00 % fibonacci retracement of the last 2.13 $ move.
4- LGG.BE current resistance level is at 24.69 which is the 38.20 % fibonacci retracement of the last 2.13 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
LEGG MASON (LGG.BE) Short term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 25.500 and 26.880, and is currently resisting at 25.316.
LEGG MASON (LGG.BE) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 26.880 and 28.190, and is currently resisting at 25.820.
LEGG MASON (LGG.BE) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 26.880 and 28.190, and is currently resisting at 25.820.

Stock Trading Conclusion:
LEGG MASON (LGG.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 : 24.69, 24.77, 24.91, 25.00, 25.02, 25.13, 25.32, 25.50, 25.82,.
Stock Support levels : 24.44, 24.18, 23.83, 23.37, 22.79,.