Today we will analyze the stock EUROKAI (EUK2.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in EUROKAI (EUK2.DE)
1- Last bearish trend was from 34.00 $ (4/6/2011) to 27.00 $ (4/29/2011) a 7.00 $ move 2- The current bullish trend started from 27.00 $ at 4/29/2011 and is currently trading at 34.00 $.
3- EUK2.DE current support level is at 34.00 which is the 100.00 % fibonacci retracement of the last 7.00 $ move.
4- EUK2.DE current resistance level is at 35.90 which is the 127.20 % fibonacci retracement of the last 7.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
EUROKAI (EUK2.DE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 34.000 .
EUROKAI (EUK2.DE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 34.000 .
EUROKAI (EUK2.DE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 34.000 and 42.500 that was broken up at 31.100 transforming into a supporting line.

Stock Trading Conclusion:
EUROKAI (EUK2.DE) was trading in a strong 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 : 35.90, 38.33.
Stock Support levels : 32.35, 31.33, 30.50, 29.67, 28.65, 27.00,.