Today we will analyze the stock LOOKERS (LO6A.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in LOOKERS (LO6A.BE)
1- Last bullish trend was from 0.61 $ (3/30/2011) to 0.63 $ (4/7/2011) a 0.02 $ move 2- The current bearish trend started from 0.63 $ at 4/7/2011 and is currently trading at 0.60 $.
3- LO6A.BE current support level is at 0.60 which is the 161.80 % fibonacci retracement of the last 0.02 $ move.
4- LO6A.BE current resistance level is at 0.60 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
LOOKERS (LO6A.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.610 that failed and formed a resistance.
7- The Stock was resisted by a resistance line, identified by two points: 0.630 and 0.640, and is currently resisting at 0.628.
LOOKERS (LO6A.BE) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 0.090 $ height triangle which was broken down at 0.650, target of the pattern is 0.560.
LOOKERS (LO6A.BE) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 0.150 $ height triangle which was broken down at 0.680, target of the pattern is 0.530.

Stock Trading Conclusion:
LOOKERS (LO6A.BE) was trading in a bearish wave, which is becoming stronger .
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 : 0.605, 0.607, 0.610, 0.611, 0.615, 0.618, 0.619, 0.620, 0.622, 0.625, 0.628, 0.630, 0.676, 0.700, 0.710.
Stock Support levels : 0.598, 0.560,.