Today we will analyze the stock LANDRY'S RESTAURANT (LY1.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in LANDRY'S RESTAURANT (LY1.BE)
1- Last bullish trend was from 18.09 $ (8/9/2010) to 19.02 $ (9/10/2010) a 0.93 $ move 2- The current bearish trend started from 19.02 $ at 9/10/2010 and is currently trading at 17.54 $.
3- LY1.BE current support level is at 17.52 which is the 161.80 % fibonacci retracement of the last 0.93 $ move.
4- LY1.BE current resistance level is at 17.84 which is the 127.20 % fibonacci retracement of the last 0.93 $ 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.
LANDRY'S RESTAURANT (LY1.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 19.020 and 19.830, and is currently resisting at 18.734.
LANDRY'S RESTAURANT (LY1.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 16.890 and 16.320 that was broken down at 19.190 transforming into a resistance line.
LANDRY'S RESTAURANT (LY1.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 16.890 and 16.320 that was broken down at 19.190 transforming into a resistance line.

Stock Trading Conclusion:
LANDRY'S RESTAURANT (LY1.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 : 17.84, 17.89, 18.09, 18.11, 18.28, 18.45, 18.45, 18.56, 18.66, 18.73, 18.80, 19.02, 19.78, 23.10,.
Stock Support levels : 17.52.