Today we will analyze the stock RED BACK MINING (CYU1.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in RED BACK MINING (CYU1.F)
1- Last bullish trend was from 22.77 $ (9/9/2010) to 25.97 $ (9/20/2010) a 3.20 $ move 2- The current bearish trend started from 25.97 $ at 9/20/2010 and is currently trading at 25.11 $.
3- CYU1.F current support level is at 24.75 which is the 38.20 % fibonacci retracement of the last 3.20 $ move.
4- CYU1.F current resistance level is at 25.21 which is the 23.60 % fibonacci retracement of the last 3.20 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
RED BACK MINING (CYU1.F) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 22.770 and 20.210, and is currently supporting at 24.477.
RED BACK MINING (CYU1.F) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 22.450 that failed, and formed a support .
RED BACK MINING (CYU1.F) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 18.150 and 17.580, and is currently supporting at 18.774.

Stock Trading Conclusion:
RED BACK MINING (CYU1.F) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 25.21, 25.31, 25.44, 25.54, 25.64, 25.97,.
Stock Support levels : 24.75, 24.48, 24.37, 23.99, 23.01, 22.77, 21.90, 21.35, 20.79,.