Today we will analyze the stock LUNDIN PETROL (LYV.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in LUNDIN PETROL (LYV.DE)
1- Last bearish trend was from 10.61 $ (4/4/2011) to 9.50 $ (4/29/2011) a 1.11 $ move 2- The current bullish trend started from 9.50 $ at 4/29/2011 and is currently trading at 9.88 $.
3- LYV.DE current support level is at 9.76 which is the 23.60 % fibonacci retracement of the last 1.11 $ move.
4- LYV.DE current resistance level is at 9.92 which is the 38.20 % fibonacci retracement of the last 1.11 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
LUNDIN PETROL (LYV.DE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 9.500 .
LUNDIN PETROL (LYV.DE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 8.500 .
LUNDIN PETROL (LYV.DE) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 8.500 and 3.400 that was broken down at 8.500 transforming into a resistance line.

Stock Trading Conclusion:
LUNDIN PETROL (LYV.DE) was trading in a strong bullish 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 : 9.92, 10.06, 10.19, 10.61, 10.91, 11.30, 14.75.
Stock Support levels : 9.79, 9.76, 9.73, 9.69, 9.65, 9.50,.