Today we will analyze the stock CITIC RESOURCES (CZR.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in CITIC RESOURCES (CZR.DE)
1- Last bullish trend was from 0.13 $ (4/6/2011) to 0.14 $ (4/12/2011) a 0.01 $ move 2- The current bearish trend started from 0.14 $ at 4/12/2011 and is currently trading at 0.11 $.
3- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
4- Bullish Divergance in MACD Indicator .
CITIC RESOURCES (CZR.DE) Short term stock chart patterns for internet stock trading :

5- The Stock formed Double Bottom Pattern at 0.130 that failed and formed a resistance.
6- The Stock was resisted by a resistance line, identified by two points: 0.140 and 0.150, and is currently resisting at 0.130.
CITIC RESOURCES (CZR.DE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.130 that failed and formed a resistance.
8- The Stock was resisted by a resistance line, identified by two points: 0.140 and 0.150, and is currently resisting at 0.130.
CITIC RESOURCES (CZR.DE) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bearish stock channel identifed by support at 0.130 and 0.190,resistance between 0.150 and 0.220, the stock channel is currently supported from below by 0.107 and resisted from above by 0.141.

Stock Trading Conclusion:
CITIC RESOURCES (CZR.DE) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.117, 0.121, 0.125, 0.129, 0.130, 0.140.
Stock Support levels :.