Today we will analyze the stock RSA INSUR 7.375 CIP (RSAB.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in RSA INSUR 7.375 CIP (RSAB.L)
1- Last bullish trend was from 97.25 $ (12/22/2011) to 109.74 $ (1/27/2012) a 12.49 $ move 2- The current bearish trend started from 109.74 $ at 1/27/2012 and is currently trading at 106.10 $.
3- RSAB.L current support level is at 104.97 which is the 38.20 % fibonacci retracement of the last 12.49 $ move.
4- RSAB.L current resistance level is at 106.79 which is the 23.60 % fibonacci retracement of the last 12.49 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
RSA INSUR 7.375 CIP (RSAB.L) Short term stock chart patterns for internet stock trading :

None.
RSA INSUR 7.375 CIP (RSAB.L) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 104.750 and 108.000 that was broken up at 102.100 transforming into a supporting line.
RSA INSUR 7.375 CIP (RSAB.L) Long term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 108.000 .

Stock Trading Conclusion:
RSA INSUR 7.375 CIP (RSAB.L) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 106.79, 106.96, 107.49, 107.92, 108.35, 108.45, 109.74,.
Stock Support levels : 104.97, 103.49, 102.02, 102.00, 100.66, 97.25, 93.85,.