Today we will analyze the stock GRIFFIN IV BERL -B- (GRIFIV-B.CO) for internet stock trading in the CO stock market,
Stock Technical indicators to notice in GRIFFIN IV BERL -B- (GRIFIV-B.CO)
1- Last bearish trend was from 0.67 $ (5/13/2009) to 0.61 $ (5/14/2009) a 0.06 $ move 2- The current bullish trend started from 0.61 $ at 5/14/2009 and is currently trading at 0.66 $.
3- GRIFIV-B.CO current support level is at 0.65 which is the 61.80 % fibonacci retracement of the last 0.06 $ move.
4- GRIFIV-B.CO current resistance level is at 0.67 which is the 100.00 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
GRIFFIN IV BERL -B- (GRIFIV-B.CO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.670 .
7- The Stock formed a 0.070 $ height triangle.
GRIFFIN IV BERL -B- (GRIFIV-B.CO) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.670 .
9- The Stock formed a 0.070 $ height triangle.
GRIFFIN IV BERL -B- (GRIFIV-B.CO) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Top Pattern at 0.670 .
11- The Stock formed a 0.110 $ height triangle which was broken down at 0.610 in higher than usual volume, target of the pattern is 0.500.

Stock Trading Conclusion:
GRIFFIN IV BERL -B- (GRIFIV-B.CO) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.670, 0.686, 0.700, 0.707.
Stock Support levels : 0.648, 0.647, 0.641, 0.640, 0.635, 0.633, 0.630, 0.629, 0.624, 0.610, 0.600,.