Today we will analyze the stock NEWCASTLE RES (P6P1.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in NEWCASTLE RES (P6P1.BE)
1- Last bearish trend was from 1.54 $ (3/11/2011) to 1.35 $ (3/16/2011) a 0.19 $ move 2- The current bullish trend started from 1.35 $ at 3/16/2011 and is currently trading at 1.86 $.
3- 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.
NEWCASTLE RES (P6P1.BE) Short term stock chart patterns for internet stock trading :

None.
NEWCASTLE RES (P6P1.BE) Mid term stock chart patterns for internet stock trading :

None.
NEWCASTLE RES (P6P1.BE) Long term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 1.350 and 1.290, and is currently supporting at 1.404.

Stock Trading Conclusion:
NEWCASTLE RES (P6P1.BE) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : .
Stock Support levels : 1.74, 1.67, 1.61, 1.54, 1.40,.