Today we will analyze the stock CORRIENTE RESOURCES (CRBA.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in CORRIENTE RESOURCES (CRBA.F)
1- Last bearish trend was from 6.47 $ (7/14/2010) to 6.16 $ (7/20/2010) a 0.31 $ move 2- The current bullish trend started from 6.16 $ at 7/20/2010 and is currently trading at 6.20 $.
3- CRBA.F current support level is at 6.16 which is the 0.00 % fibonacci retracement of the last 0.31 $ move.
4- CRBA.F current resistance level is at 6.23 which is the 23.60 % fibonacci retracement of the last 0.31 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CORRIENTE RESOURCES (CRBA.F) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 6.470 and 7.000 that was broken up at 6.340 transforming into a supporting line.
CORRIENTE RESOURCES (CRBA.F) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 5.500 and 3.890 that was broken down at 6.690 transforming into a resistance line.
CORRIENTE RESOURCES (CRBA.F) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 5.500 and 3.890 that was broken down at 6.690 transforming into a resistance line.

Stock Trading Conclusion:
CORRIENTE RESOURCES (CRBA.F) was trading in a bullish 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 : 6.23, 6.28, 6.31, 6.35, 6.47, 6.55, 6.66, 7.55,.
Stock Support levels : 6.19, 6.18, 6.18, 6.18, 6.16, 6.16,.