Today we will analyze the stock PETRO MATAD (MATD.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in PETRO MATAD (MATD.L)
1- Last bearish trend was from 22.90 $ (4/30/2012) to 18.50 $ (5/3/2012) a 4.40 $ move 2- The current bullish trend started from 18.50 $ at 5/3/2012 and is currently trading at 20.00 $.
3- MATD.L current support level is at 19.54 which is the 23.60 % fibonacci retracement of the last 4.40 $ move.
4- MATD.L current resistance level is at 20.18 which is the 38.20 % fibonacci retracement of the last 4.40 $ move.
5- 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.
PETRO MATAD (MATD.L) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 22.900 and 23.500, and is currently resisting at 21.700.
PETRO MATAD (MATD.L) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 22.900 and 23.500, and is currently resisting at 21.700.
PETRO MATAD (MATD.L) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 24.500 and 28.150, and is currently resisting at 22.003.

Stock Trading Conclusion:
PETRO MATAD (MATD.L) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 20.18, 20.70, 21.22, 21.70, 22.00, 22.90, 24.10, 24.96, 25.62.
Stock Support levels : 19.65, 19.54, 19.43, 19.25, 19.07, 18.50,.