Today we will analyze the stock RECIBO REPRESENT.CANAST-4 (RCTB4.BA) for internet stock trading in the BA stock market,
Stock Technical indicators to notice in RECIBO REPRESENT.CANAST-4 (RCTB4.BA)
1- Last bearish trend was from 180.00 $ (7/7/2008) to 170.00 $ (7/10/2008) a 10.00 $ move 2- The current bullish trend started from 170.00 $ at 7/10/2008 and is currently trading at 180.00 $.
3- RCTB4.BA current support level is at 180.00 which is the 100.00 % fibonacci retracement of the last 10.00 $ move.
4- RCTB4.BA current resistance level is at 182.72 which is the 127.20 % fibonacci retracement of the last 10.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
RECIBO REPRESENT.CANAST-4 (RCTB4.BA) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 170.000 $ and 180.000 $.

RECIBO REPRESENT.CANAST-4 (RCTB4.BA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 180.000 .
RECIBO REPRESENT.CANAST-4 (RCTB4.BA) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 180.000 .

Stock Trading Conclusion:
RECIBO REPRESENT.CANAST-4 (RCTB4.BA) 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 : 182.72, 186.18.
Stock Support levels : 177.64, 176.18, 175.00, 173.82, 172.36, 170.00,.