Today we will analyze the stock MYOTOKU (LXH.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in MYOTOKU (LXH.BE)
1- Last bearish trend was from 2.53 $ (3/11/2011) to 1.86 $ (3/17/2011) a 0.67 $ move 2- The current bullish trend started from 1.86 $ at 3/17/2011 and is currently trading at 1.92 $.
3- LXH.BE current support level is at 1.86 which is the 0.00 % fibonacci retracement of the last 0.67 $ move.
4- LXH.BE current resistance level is at 2.02 which is the 23.60 % fibonacci retracement of the last 0.67 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
MYOTOKU (LXH.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 2.530 .
MYOTOKU (LXH.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 2.160 and 1.910 that was broken down at 2.230 transforming into a resistance line.
MYOTOKU (LXH.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 1.630 .

Stock Trading Conclusion:
MYOTOKU (LXH.BE) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 2.02, 2.12, 2.19, 2.27, 2.53, 2.54, 2.71, 2.94, 3.07.
Stock Support levels : 1.91, 1.90, 1.89, 1.88, 1.86,.