Today we will analyze the stock DRAKA HOLDING (DK8.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in DRAKA HOLDING (DK8.F)
1- Last bearish trend was from 17.73 $ (3/17/2011) to 17.10 $ (3/24/2011) a 0.63 $ move 2- The current bullish trend started from 17.10 $ at 3/24/2011 and is currently trading at 17.93 $.
3- DK8.F current support level is at 17.90 which is the 127.20 % fibonacci retracement of the last 0.63 $ move.
4- DK8.F current resistance level is at 18.12 which is the 161.80 % fibonacci retracement of the last 0.63 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
DRAKA HOLDING (DK8.F) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 17.730 and 19.090 that was broken up at 17.720 transforming into a supporting line.
DRAKA HOLDING (DK8.F) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 6.780 $ height triangle which was broken down at 18.170 in higher than usual volume, target of the pattern is 11.390.
DRAKA HOLDING (DK8.F) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
DRAKA HOLDING (DK8.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 : 18.12, 22.15.
Stock Support levels : 17.90, 17.73, 17.73, 17.61, 17.51, 17.49, 17.42, 17.42, 17.34, 17.25, 17.10, 16.86,.