Today we will analyze the stock NEW HOPE CORPN (OD8.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in NEW HOPE CORPN (OD8.BE)
1- Last bearish trend was from 3.57 $ (2/4/2011) to 3.16 $ (3/15/2011) a 0.41 $ move 2- The current bullish trend started from 3.16 $ at 3/15/2011 and is currently trading at 3.57 $.
3- OD8.BE current support level is at 3.57 which is the 100.00 % fibonacci retracement of the last 0.41 $ move.
4- OD8.BE current resistance level is at 3.68 which is the 127.20 % fibonacci retracement of the last 0.41 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
NEW HOPE CORPN (OD8.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 3.570 and 3.780 that was broken up at 3.370 transforming into a supporting line.
NEW HOPE CORPN (OD8.BE) Mid term stock chart patterns for internet stock trading :

None.
NEW HOPE CORPN (OD8.BE) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 3.160 and 2.770, and is currently supporting at 3.201.

Stock Trading Conclusion:
NEW HOPE CORPN (OD8.BE) was trading in a bullish wave, which is becoming stronger .
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 : 3.68, 3.82.
Stock Support levels : 3.47, 3.41, 3.37, 3.32, 3.26, 3.20, 3.16,.