Today we will analyze the stock AFRICAN METALS (OWW.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in AFRICAN METALS (OWW.BE)
1- Last bullish trend was from 0.17 $ (3/17/2011) to 0.21 $ (3/31/2011) a 0.04 $ move 2- The current bearish trend started from 0.21 $ at 3/31/2011 and is currently trading at 0.18 $.
3- OWW.BE current support level is at 0.17 which is the 100.00 % fibonacci retracement of the last 0.04 $ move.
4- OWW.BE current resistance level is at 0.19 which is the 61.80 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
AFRICAN METALS (OWW.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.210 and 0.230, and is currently resisting at 0.202.
AFRICAN METALS (OWW.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.170 and 0.200,resistance between 0.210 and 0.250, the stock channel is currently supported from below by 0.142 and resisted from above by 0.198.
AFRICAN METALS (OWW.BE) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 0.170 and 0.200,resistance between 0.210 and 0.250, the stock channel is currently supported from below by 0.142 and resisted from above by 0.198.

Stock Trading Conclusion:
AFRICAN METALS (OWW.BE) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 0.185, 0.187, 0.190, 0.191, 0.195, 0.195, 0.199, 0.201, 0.202, 0.210,.
Stock Support levels : 0.170, 0.159,.