Today we will analyze the stock LEGACY RESERVES (LRT.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in LEGACY RESERVES (LRT.BE)
1- Last bearish trend was from 22.61 $ (3/7/2011) to 21.20 $ (3/16/2011) a 1.41 $ move 2- The current bullish trend started from 21.20 $ at 3/16/2011 and is currently trading at 22.26 $.
3- LRT.BE current support level is at 22.07 which is the 61.80 % fibonacci retracement of the last 1.41 $ move.
4- LRT.BE current resistance level is at 22.61 which is the 100.00 % fibonacci retracement of the last 1.41 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
LEGACY RESERVES (LRT.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 2.380 $ height triangle which was broken up at 22.310, target of the pattern is 24.690.
LEGACY RESERVES (LRT.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 5.500 $ height triangle which was broken up at 22.310, target of the pattern is 27.810 which was broken down at 22.190, target of the pattern is 16.690.
LEGACY RESERVES (LRT.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 17.720 and 17.190, and is currently supporting at 18.919.

Stock Trading Conclusion:
LEGACY RESERVES (LRT.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 : 22.39, 22.61, 22.99, 23.48, 24.69, 27.81.
Stock Support levels : 22.20, 22.07, 22.01, 21.91, 21.86, 21.74, 21.73, 21.60, 21.53, 21.20, 18.92,.