Today we will analyze the stock RANGE RESOURCES (RR5.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in RANGE RESOURCES (RR5.DE)
1- Last bearish trend was from 0.98 $ (4/18/2011) to 0.16 $ (5/23/2011) a 0.82 $ move 2- The current bullish trend started from 0.16 $ at 5/23/2011 and is currently trading at 0.87 $.
3- RR5.DE current support level is at 0.67 which is the 61.80 % fibonacci retracement of the last 0.82 $ move.
4- RR5.DE current resistance level is at 0.98 which is the 100.00 % fibonacci retracement of the last 0.82 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
RANGE RESOURCES (RR5.DE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.980 .
RANGE RESOURCES (RR5.DE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.980 .
RANGE RESOURCES (RR5.DE) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.980 .

Stock Trading Conclusion:
RANGE RESOURCES (RR5.DE) was trading in a strong bullish 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 : 0.980, 1.203, 1.487.
Stock Support levels : 0.702, 0.667, 0.599, 0.570, 0.515, 0.473, 0.431, 0.354, 0.160,.