Today we will analyze the stock LAKE RESSOURCES (LK1.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in LAKE RESSOURCES (LK1.BE)
1- Last bullish trend was from 0.04 $ (3/9/2011) to 0.05 $ (3/10/2011) a 0.01 $ move 2- The current bearish trend started from 0.05 $ at 3/10/2011 and is currently trading at 0.04 $.
3- LK1.BE current support level is at 0.04 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- LK1.BE current resistance level is at 0.04 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
LAKE RESSOURCES (LK1.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.050 .
7- The Stock formed a 0.020 $ height triangle which was broken down at 0.040, target of the pattern is 0.020.
LAKE RESSOURCES (LK1.BE) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.050 .
9- The Stock formed a 0.020 $ height triangle which was broken down at 0.040, target of the pattern is 0.020.
LAKE RESSOURCES (LK1.BE) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Top Pattern at 0.050 .
11- The Stock formed a 0.020 $ height triangle which was broken down at 0.040, target of the pattern is 0.020.

Stock Trading Conclusion:
LAKE RESSOURCES (LK1.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 : 0.042, 0.043, 0.044, 0.045, 0.046, 0.048, 0.050,.
Stock Support levels : 0.037, 0.034, 0.020,.