Today we will analyze the stock STORNOWAY DIAMOND (OXN.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in STORNOWAY DIAMOND (OXN.BE)
1- Last bullish trend was from 0.38 $ (2/2/2011) to 0.42 $ (2/14/2011) a 0.04 $ move 2- The current bearish trend started from 0.42 $ at 2/14/2011 and is currently trading at 0.40 $.
3- OXN.BE current support level is at 0.40 which is the 50.00 % fibonacci retracement of the last 0.04 $ move.
4- OXN.BE current resistance level is at 0.40 which is the 38.20 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
6- Bearish Divergance in MACD Indicator .
STORNOWAY DIAMOND (OXN.BE) Short term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.380 and 0.430,resistance between 0.420 and 0.480, the stock channel is currently supported from below by 0.346 and resisted from above by 0.406.
STORNOWAY DIAMOND (OXN.BE) Mid term stock chart patterns for internet stock trading :

None.
STORNOWAY DIAMOND (OXN.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.480 and 0.520, and is currently resisting at 0.437.

Stock Trading Conclusion:
STORNOWAY DIAMOND (OXN.BE) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 0.405, 0.405, 0.408, 0.410, 0.411, 0.412, 0.420, 0.437.
Stock Support levels : 0.400, 0.395, 0.380, 0.369,.