Today we will analyze the stock HARDY OIL AND GAS (HDY.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in HARDY OIL AND GAS (HDY.L)
1- Last bullish trend was from 150.00 $ (4/13/2012) to 167.00 $ (4/18/2012) a 17.00 $ move 2- The current bearish trend started from 167.00 $ at 4/18/2012 and is currently trading at 130.25 $.
3- According to ADX Indicator, the trend is currently 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.
HARDY OIL AND GAS (HDY.L) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 150.000 and 149.000 that was broken down at 148.500 transforming into a resistance line.
HARDY OIL AND GAS (HDY.L) Mid term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 144.750 and 141.500 that was broken down at 148.500 transforming into a resistance line.
HARDY OIL AND GAS (HDY.L) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 54.250 $ height triangle which was broken down at 138.250 in higher than usual volume, target of the pattern is 84.000.

Stock Trading Conclusion:
HARDY OIL AND GAS (HDY.L) was trading in a 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 : 138.92, 144.29, 146.65, 148.63, 151.25, 152.96, 153.15, 167.00.
Stock Support levels : 84.00.