Today we will analyze the stock BEAUFIELD RESOURCES (OU8.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in BEAUFIELD RESOURCES (OU8.BE)
1- Last bearish trend was from 0.26 $ (3/29/2011) to 0.22 $ (4/7/2011) a 0.04 $ move 2- The current bullish trend started from 0.22 $ at 4/7/2011 and is currently trading at 0.25 $.
3- OU8.BE current support level is at 0.24 which is the 61.80 % fibonacci retracement of the last 0.04 $ move.
4- OU8.BE current resistance level is at 0.26 which is the 100.00 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
BEAUFIELD RESOURCES (OU8.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.260 .
BEAUFIELD RESOURCES (OU8.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.080 $ height triangle which was broken up at 0.250, target of the pattern is 0.330.
BEAUFIELD RESOURCES (OU8.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.140 $ height triangle which was broken up at 0.250, target of the pattern is 0.390.

Stock Trading Conclusion:
BEAUFIELD RESOURCES (OU8.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 : 0.260, 0.271, 0.280, 0.285, 0.330, 0.390.
Stock Support levels : 0.250, 0.245, 0.243, 0.242, 0.240, 0.239, 0.235, 0.235, 0.231, 0.229, 0.220,.