Today we will analyze the stock KERYX BIOPHARMACEU (KYX.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in KERYX BIOPHARMACEU (KYX.DE)
1- Last bullish trend was from 2.40 $ (3/14/2011) to 3.10 $ (3/15/2011) a 0.70 $ move 2- The current bearish trend started from 3.10 $ at 3/15/2011 and is currently trading at 2.45 $.
3- KYX.DE current support level is at 2.40 which is the 100.00 % fibonacci retracement of the last 0.70 $ move.
4- KYX.DE current resistance level is at 2.67 which is the 61.80 % fibonacci retracement of the last 0.70 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
KERYX BIOPHARMACEU (KYX.DE) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 2.400 and 2.850,resistance between 3.100 and 3.440 which was broken up at 2.450.
KERYX BIOPHARMACEU (KYX.DE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 3.100 and 3.440 that was broken up at 2.450 transforming into a supporting line.
KERYX BIOPHARMACEU (KYX.DE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 3.100 and 3.440 that was broken up at 2.450 transforming into a supporting line.

Stock Trading Conclusion:
KERYX BIOPHARMACEU (KYX.DE) was trading in a bearish wave, which is becoming weaker .
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 : 2.60, 2.67, 2.70, 2.75, 2.78, 2.83, 2.85, 2.93, 3.10,.
Stock Support levels : 2.40, 2.21, 1.97, 1.74,.