Today we will analyze the stock ARENA PHARMAC (RN3.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in ARENA PHARMAC (RN3.BE)
1- Last bullish trend was from 1.00 $ (3/25/2011) to 1.04 $ (3/29/2011) a 0.04 $ move 2- The current bearish trend started from 1.04 $ at 3/29/2011 and is currently trading at 0.94 $.
3- According to ADX Indicator, the trend is currently strong bearish, 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.
ARENA PHARMAC (RN3.BE) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 1.040 and 1.250, and is currently resisting at 0.977.
ARENA PHARMAC (RN3.BE) Mid term stock chart patterns for internet stock trading :

5- The Stock traded in a bearish stock channel identifed by support at 1.150 and 1.300,resistance between 1.250 and 1.480 which was broken up at 1.230.
ARENA PHARMAC (RN3.BE) Long term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 1.300 that failed and formed a resistance.
7- The Stock was resisted by a resistance line, identified by two points: 1.480 and 1.650 that was broken up at 1.070 transforming into a supporting line.

Stock Trading Conclusion:
ARENA PHARMAC (RN3.BE) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 0.964, 0.977, 0.978, 0.990, 1.002, 1.040, 1.300.
Stock Support levels : 0.743,.