Today we will analyze the stock LIONORE MNG INTL (512084.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in LIONORE MNG INTL (512084.L)
1- Last bullish trend was from 1,267.00 $ (5/22/2007) to 1,334.00 $ (5/30/2007) a 67.00 $ move 2- The current bearish trend started from 1,334.00 $ at 5/30/2007 and is currently trading at 1,276.50 $.
3- 512084.L current support level is at 1,267.00 which is the 100.00 % fibonacci retracement of the last 67.00 $ move.
4- 512084.L current resistance level is at 1,292.59 which is the 61.80 % fibonacci retracement of the last 67.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
LIONORE MNG INTL (512084.L) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1,267.000 and 735.000 that was broken down at 1,300.400 transforming into a resistance line.
LIONORE MNG INTL (512084.L) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 740.000 that failed, and formed a support .
8- The Stock was supported by a support line, identified by two points: 692.000 and 656.000, and is currently supporting at 1,176.000.
LIONORE MNG INTL (512084.L) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
LIONORE MNG INTL (512084.L) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 1,290.07, 1,292.59, 1,298.46, 1,300.50, 1,305.25, 1,308.41, 1,312.04, 1,318.19, 1,334.00, 2,303.72.
Stock Support levels : 1,267.00, 1,248.78, 1,225.59, 1,176.00,.