Today we will analyze the stock STATOILHYDRO (DNQ.DU) for internet stock trading in the DU stock market,
Stock Technical indicators to notice in STATOILHYDRO (DNQ.DU)
1- Last bullish trend was from 18.63 $ (12/15/2011) to 20.52 $ (1/10/2012) a 1.89 $ move 2- The current bearish trend started from 20.52 $ at 1/10/2012 and is currently trading at 19.40 $.
3- DNQ.DU current support level is at 19.35 which is the 61.80 % fibonacci retracement of the last 1.89 $ move.
4- DNQ.DU current resistance level is at 19.58 which is the 50.00 % fibonacci retracement of the last 1.89 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
STATOILHYDRO (DNQ.DU) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 18.630 and 17.680 that was broken down at 19.740 transforming into a resistance line.
STATOILHYDRO (DNQ.DU) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 18.630 and 17.680 that was broken down at 19.740 transforming into a resistance line.
STATOILHYDRO (DNQ.DU) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 3.600 $ height triangle which was broken up at 17.310, target of the pattern is 20.910.

Stock Trading Conclusion:
STATOILHYDRO (DNQ.DU) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 19.58, 19.66, 19.80, 19.83, 19.96, 20.07, 20.09, 20.52, 20.91, 21.00,.
Stock Support levels : 19.35, 18.63, 18.12, 17.46,.