Today we will analyze the stock RAINBOW FOUN (RAINBOWF.BO) for internet stock trading in the BO stock market,
Stock Technical indicators to notice in RAINBOW FOUN (RAINBOWF.BO)
1- Last bullish trend was from 6.80 $ (4/26/2012) to 7.14 $ (4/27/2012) a 0.34 $ move 2- The current bearish trend started from 7.14 $ at 4/27/2012 and is currently trading at 6.50 $.
3- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
RAINBOW FOUN (RAINBOWF.BO) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 1.760 $ height triangle which was broken down at 6.500, target of the pattern is 4.740.
RAINBOW FOUN (RAINBOWF.BO) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 7.510 and 7.650, and is currently resisting at 7.478.
RAINBOW FOUN (RAINBOWF.BO) Long term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 7.510 and 8.260, and is currently resisting at 7.371.

Stock Trading Conclusion:
RAINBOW FOUN (RAINBOWF.BO) was trading in a bullish wave, which is becoming weaker .
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 : 6.58, 6.65, 6.74, 6.82, 6.90, 7.14, 7.15, 7.37, 7.48.
Stock Support levels : 4.74.