Today we will analyze the stock LONGREACH OIL (LO8.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in LONGREACH OIL (LO8.BE)
1- Last bullish trend was from 0.01 $ (6/16/2008) to 0.02 $ (6/17/2008) a 0.01 $ move 2- The current bearish trend started from 0.02 $ at 6/17/2008 and is currently trading at 0.01 $.
3- LO8.BE current support level is at 0.01 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- LO8.BE current resistance level is at 0.01 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.
LONGREACH OIL (LO8.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.020 .
LONGREACH OIL (LO8.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.020 .
LONGREACH OIL (LO8.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.020 .

Stock Trading Conclusion:
LONGREACH OIL (LO8.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 : 0.012, 0.014, 0.015, 0.016, 0.018, 0.020,.
Stock Support levels : 0.007,.