Today we will analyze the stock BARRICK GOLD (ABX.SW) for internet stock trading in the SW stock market,
Stock Technical indicators to notice in BARRICK GOLD (ABX.SW)
1- Last bullish trend was from 24.80 $ (11/13/2008) to 27.70 $ (11/14/2008) a 2.90 $ move 2- The current bearish trend started from 27.70 $ at 11/14/2008 and is currently trading at 25.70 $.
3- ABX.SW current support level is at 24.80 which is the 100.00 % fibonacci retracement of the last 2.90 $ move.
4- ABX.SW current resistance level is at 25.91 which is the 61.80 % fibonacci retracement of the last 2.90 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
BARRICK GOLD (ABX.SW) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 27.700 and 29.400, and is currently resisting at 26.000.
BARRICK GOLD (ABX.SW) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 7.350 $ height triangle which was broken down at 25.700, target of the pattern is 18.350.
BARRICK GOLD (ABX.SW) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 16.950 $ height triangle which was broken down at 25.700, target of the pattern is 8.750.

Stock Trading Conclusion:
BARRICK GOLD (ABX.SW) was trading in a bearish 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 : 25.91, 25.95, 26.00, 26.17, 26.25, 26.46, 26.59, 26.70, 26.94, 27.02, 27.70,.
Stock Support levels : 24.80, 24.01, 23.01, 18.35,.