Today we will analyze the stock PETROSTAR PETROL (LMQ.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PETROSTAR PETROL (LMQ.BE)
1- Last bearish trend was from 0.05 $ (4/7/2011) to 0.04 $ (4/8/2011) a 0.01 $ move 2- The current bullish trend started from 0.04 $ at 4/8/2011 and is currently trading at 0.05 $.
3- LMQ.BE current support level is at 0.05 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
4- LMQ.BE current resistance level is at 0.05 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
PETROSTAR PETROL (LMQ.BE) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.040 .
8- The Stock formed a 0.020 $ height triangle which was broken up at 0.050, target of the pattern is 0.070.
PETROSTAR PETROL (LMQ.BE) Mid term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 0.040 .
10- The Stock formed a 0.020 $ height triangle which was broken up at 0.050, target of the pattern is 0.070.
PETROSTAR PETROL (LMQ.BE) Long term stock chart patterns for internet stock trading :

11- The Stock formed Double Bottom Pattern at 0.040 .
12- The Stock formed a 0.020 $ height triangle which was broken up at 0.050, target of the pattern is 0.070.

Stock Trading Conclusion:
PETROSTAR PETROL (LMQ.BE) was trading in a bullish wave, which is becoming weaker .
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 : 0.053, 0.056, 0.060, 0.070,.
Stock Support levels : 0.049, 0.048, 0.046, 0.045, 0.044, 0.042, 0.040,.