Today we will analyze the stock CLAUDE RESOURCES (RES.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in CLAUDE RESOURCES (RES.DE)
1- Last bullish trend was from 1.20 $ (3/15/2011) to 1.80 $ (4/6/2011) a 0.60 $ move 2- The current bearish trend started from 1.80 $ at 4/6/2011 and is currently trading at 1.60 $.
3- RES.DE current support level is at 1.57 which is the 38.20 % fibonacci retracement of the last 0.60 $ move.
4- RES.DE current resistance level is at 1.66 which is the 23.60 % fibonacci retracement of the last 0.60 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
CLAUDE RESOURCES (RES.DE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 1.800 .
7- The Stock formed a 0.950 $ height triangle.
CLAUDE RESOURCES (RES.DE) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 1.800 .
9- The Stock formed a 0.950 $ height triangle.
CLAUDE RESOURCES (RES.DE) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Top Pattern at 1.800 .
11- The Stock formed a 0.950 $ height triangle.

Stock Trading Conclusion:
CLAUDE RESOURCES (RES.DE) was trading in a bullish wave, which is becoming stronger .
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 : 1.65, 1.66, 1.68, 1.70, 1.72, 1.80,.
Stock Support levels : 1.57, 1.50, 1.43, 1.20, 1.04,.