Today we will analyze the stock DIAMOND OFFSHORE (DO1.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in DIAMOND OFFSHORE (DO1.DE)
1- Last bullish trend was from 49.83 $ (4/13/2011) to 65.00 $ (4/27/2011) a 15.17 $ move 2- The current bearish trend started from 65.00 $ at 4/27/2011 and is currently trading at 51.65 $.
3- DO1.DE current support level is at 49.83 which is the 100.00 % fibonacci retracement of the last 15.17 $ move.
4- DO1.DE current resistance level is at 55.62 which is the 61.80 % fibonacci retracement of the last 15.17 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
DIAMOND OFFSHORE (DO1.DE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 65.000 .
DIAMOND OFFSHORE (DO1.DE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 65.000 .
DIAMOND OFFSHORE (DO1.DE) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 65.000 .

Stock Trading Conclusion:
DIAMOND OFFSHORE (DO1.DE) was trading in a bearish 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 : 54.80, 55.62, 56.75, 57.42, 58.33, 59.21, 59.90, 61.42, 65.00,.
Stock Support levels : 49.83, 45.70,.