Today we will analyze the stock LUKOIL SP ADR (LUK.DU) for internet stock trading in the DU stock market,
Stock Technical indicators to notice in LUKOIL SP ADR (LUK.DU)
1- Last bullish trend was from 45.19 $ (4/27/2012) to 46.59 $ (5/2/2012) a 1.40 $ move 2- The current bearish trend started from 46.59 $ at 5/2/2012 and is currently trading at 43.27 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
LUKOIL SP ADR (LUK.DU) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 46.590 and 49.920, and is currently resisting at 46.257.
LUKOIL SP ADR (LUK.DU) Mid term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 45.020 and 37.990 that was broken down at 47.640 transforming into a resistance line.
LUKOIL SP ADR (LUK.DU) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 37.990 and 36.180, and is currently supporting at 40.839.

Stock Trading Conclusion:
LUKOIL SP ADR (LUK.DU) was trading in a 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 : 44.05, 44.54, 44.93, 45.32, 46.26, 46.59, 52.35.
Stock Support levels : 40.84.