Today we will analyze the stock REN (RN4.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in REN (RN4.BE)
1- Last bearish trend was from 2.51 $ (2/10/2011) to 2.35 $ (3/24/2011) a 0.16 $ move 2- The current bullish trend started from 2.35 $ at 3/24/2011 and is currently trading at 2.44 $.
3- RN4.BE current support level is at 2.43 which is the 50.00 % fibonacci retracement of the last 0.16 $ move.
4- RN4.BE current resistance level is at 2.45 which is the 61.80 % fibonacci retracement of the last 0.16 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
REN (RN4.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 2.350 .
REN (RN4.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 2.510 and 2.550, and is currently resisting at 2.467.
REN (RN4.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 2.670 and 2.930 that was broken up at 2.390 transforming into a supporting line.

Stock Trading Conclusion:
REN (RN4.BE) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 2.45, 2.47, 2.51, 2.55, 2.61.
Stock Support levels : 2.43, 2.42, 2.41, 2.41, 2.39, 2.39, 2.38, 2.35, 2.35, 2.35,.