Today we will analyze the stock DANA PETROLEUM (D5H.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in DANA PETROLEUM (D5H.F)
1- Last bullish trend was from 18.08 $ (8/12/2010) to 22.06 $ (8/30/2010) a 3.98 $ move 2- The current bearish trend started from 22.06 $ at 8/30/2010 and is currently trading at 20.51 $.
3- D5H.F current support level is at 20.07 which is the 50.00 % fibonacci retracement of the last 3.98 $ move.
4- D5H.F current resistance level is at 20.54 which is the 38.20 % fibonacci retracement of the last 3.98 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
DANA PETROLEUM (D5H.F) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 18.080 and 16.700,resistance between 22.060 and 20.830 which was broken down at 20.460.
DANA PETROLEUM (D5H.F) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 18.080 and 13.560 that was broken down at 21.310 transforming into a resistance line.
DANA PETROLEUM (D5H.F) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 18.080 and 13.560 that was broken down at 21.310 transforming into a resistance line.

Stock Trading Conclusion:
DANA PETROLEUM (D5H.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 : 20.54, 20.88, 21.10, 21.12, 21.28, 21.38, 21.47, 22.06, 26.10,.
Stock Support levels : 20.07, 19.60, 18.08, 17.00,.