Today we will analyze the stock LA MANCHA RESOURCES (LMA.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in LA MANCHA RESOURCES (LMA.BE)
1- Last bearish trend was from 1.69 $ (4/4/2011) to 1.58 $ (4/5/2011) a 0.11 $ move 2- The current bullish trend started from 1.58 $ at 4/5/2011 and is currently trading at 1.67 $.
3- LMA.BE current support level is at 1.65 which is the 61.80 % fibonacci retracement of the last 0.11 $ move.
4- LMA.BE current resistance level is at 1.69 which is the 100.00 % fibonacci retracement of the last 0.11 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
LA MANCHA RESOURCES (LMA.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.580 and 1.370 that was broken down at 1.670 transforming into a resistance line.
LA MANCHA RESOURCES (LMA.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.580 and 1.370 that was broken down at 1.670 transforming into a resistance line.
LA MANCHA RESOURCES (LMA.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 1.600 and 2.010 that was broken up at 1.620 transforming into a supporting line.

Stock Trading Conclusion:
LA MANCHA RESOURCES (LMA.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 : 1.69, 1.72, 1.75, 1.76.
Stock Support levels : 1.65, 1.65, 1.64, 1.63, 1.63, 1.62, 1.61, 1.61, 1.58,.