Today we will analyze the stock EUROPEAN CONV DEV (ECDC.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in EUROPEAN CONV DEV (ECDC.L)
1- Last bearish trend was from 4.00 $ (4/19/2012) to 3.00 $ (4/30/2012) a 1.00 $ move 2- The current bullish trend started from 3.00 $ at 4/30/2012 and is currently trading at 3.90 $.
3- ECDC.L current support level is at 3.62 which is the 61.80 % fibonacci retracement of the last 1.00 $ move.
4- ECDC.L current resistance level is at 4.00 which is the 100.00 % fibonacci retracement of the last 1.00 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
6- Bearish Divergance in MACD Indicator .
EUROPEAN CONV DEV (ECDC.L) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 3.000 .
8- The Stock formed a 1.300 $ height triangle which was broken up at 3.800, target of the pattern is 5.100.
EUROPEAN CONV DEV (ECDC.L) Mid term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 3.000 .
10- The Stock formed a 1.300 $ height triangle which was broken up at 3.800, target of the pattern is 5.100.
EUROPEAN CONV DEV (ECDC.L) Long term stock chart patterns for internet stock trading :

11- The Stock formed Double Bottom Pattern at 3.000 .
12- The Stock formed a 1.300 $ height triangle which was broken up at 3.800, target of the pattern is 5.100.

Stock Trading Conclusion:
EUROPEAN CONV DEV (ECDC.L) was trading in a bearish 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 : 4.00, 4.27, 4.30, 4.62, 5.10,.
Stock Support levels : 3.69, 3.62, 3.56, 3.50, 3.45, 3.38, 3.34, 3.24, 3.00, 2.35,.