Today we will analyze the stock EREDENE CAPITAL (ERE.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in EREDENE CAPITAL (ERE.L)
1- Last bearish trend was from 13.75 $ (11/11/2011) to 12.50 $ (1/10/2012) a 1.25 $ move 2- The current bullish trend started from 12.50 $ at 1/10/2012 and is currently trading at 14.62 $.
3- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
EREDENE CAPITAL (ERE.L) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 13.750 and 13.950 that was broken up at 12.690 transforming into a supporting line.
EREDENE CAPITAL (ERE.L) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 17.000 and 17.990 that was broken up at 16.500 transforming into a supporting line.
EREDENE CAPITAL (ERE.L) Long term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 19.500 and 20.700, and is currently resisting at 16.676.

Stock Trading Conclusion:
EREDENE CAPITAL (ERE.L) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 16.68.
Stock Support levels : 14.12, 13.81, 13.56, 13.31, 12.50, 11.47,.