Today we will analyze the stock REMI METALS (REMIMET.BO) for internet stock trading in the BO stock market,
Stock Technical indicators to notice in REMI METALS (REMIMET.BO)
1- Last bullish trend was from 4.71 $ (4/26/2012) to 5.14 $ (5/2/2012) a 0.43 $ move 2- The current bearish trend started from 5.14 $ at 5/2/2012 and is currently trading at 4.90 $.
3- REMIMET.BO current support level is at 4.87 which is the 61.80 % fibonacci retracement of the last 0.43 $ move.
4- REMIMET.BO current resistance level is at 4.93 which is the 50.00 % fibonacci retracement of the last 0.43 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
REMI METALS (REMIMET.BO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 5.140 and 5.200, and is currently resisting at 5.110.
REMI METALS (REMIMET.BO) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 4.710 and 4.850,resistance between 5.200 and 5.360, the stock channel is currently supported from below by 4.535 and resisted from above by 5.008.
REMI METALS (REMIMET.BO) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1.810 $ height triangle which was broken down at 4.900, target of the pattern is 3.090.

Stock Trading Conclusion:
REMI METALS (REMIMET.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 : 4.90, 4.93, 4.96, 4.98, 4.99, 5.02, 5.04, 5.05, 5.11, 5.14,.
Stock Support levels : 4.87, 4.71, 4.59, 4.44,.