Today we will analyze the stock VERSANT (VE1A.DU) for internet stock trading in the DU stock market,
Stock Technical indicators to notice in VERSANT (VE1A.DU)
1- Last bullish trend was from 7.46 $ (4/3/2012) to 8.00 $ (4/10/2012) a 0.54 $ move 2- The current bearish trend started from 8.00 $ at 4/10/2012 and is currently trading at 7.51 $.
3- VE1A.DU current support level is at 7.46 which is the 100.00 % fibonacci retracement of the last 0.54 $ move.
4- VE1A.DU current resistance level is at 7.67 which is the 61.80 % fibonacci retracement of the last 0.54 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
VERSANT (VE1A.DU) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 8.000 and 8.170, and is currently resisting at 7.660.
VERSANT (VE1A.DU) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 8.000 and 8.180, and is currently resisting at 7.751.
VERSANT (VE1A.DU) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 7.500 and 7.170 that was broken down at 7.720 transforming into a resistance line.

Stock Trading Conclusion:
VERSANT (VE1A.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 : 7.63, 7.66, 7.67, 7.70, 7.73, 7.75, 7.76, 7.79, 7.81, 7.87, 7.92, 8.00,.
Stock Support levels : 7.46, 7.31,.