Today we will analyze the stock AFRICAN MINERAL (OUV.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in AFRICAN MINERAL (OUV.BE)
1- Last bearish trend was from 2.12 $ (3/3/2008) to 1.68 $ (3/26/2008) a 0.44 $ move 2- The current bullish trend started from 1.68 $ at 3/26/2008 and is currently trading at 2.18 $.
3- OUV.BE current support level is at 2.12 which is the 100.00 % fibonacci retracement of the last 0.44 $ move.
4- OUV.BE current resistance level is at 2.24 which is the 127.20 % fibonacci retracement of the last 0.44 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
6- Bearish Divergance in MACD Indicator .
AFRICAN MINERAL (OUV.BE) Short term stock chart patterns for internet stock trading :

7- The Stock formed a 0.830 $ height triangle which was broken up at 2.060, target of the pattern is 2.890 which was broken down at 2.180, target of the pattern is 1.350.
AFRICAN MINERAL (OUV.BE) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 0.830 $ height triangle which was broken up at 2.060, target of the pattern is 2.890 which was broken down at 2.180, target of the pattern is 1.350.
AFRICAN MINERAL (OUV.BE) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 0.940 $ height triangle which was broken up at 2.060, target of the pattern is 3.000 which was broken down at 2.180, target of the pattern is 1.240.

Stock Trading Conclusion:
AFRICAN MINERAL (OUV.BE) was trading in a strong bullish 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 : 2.24, 2.38, 2.39, 2.89, 3.00.
Stock Support levels : 2.12, 2.06, 1.99, 1.95, 1.93, 1.90, 1.87, 1.85, 1.78, 1.68, 1.64, 1.62, 1.35,.