Today we will analyze the stock DRDGOLD SP ADR (DROOYN.MX) for internet stock trading in the MX stock market,
Stock Technical indicators to notice in DRDGOLD SP ADR (DROOYN.MX)
1- Last bullish trend was from 67.00 $ (9/7/2011) to 95.94 $ (11/7/2011) a 28.94 $ move 2- The current bearish trend started from 95.94 $ at 11/7/2011 and is currently trading at 85.00 $.
3- DROOYN.MX current support level is at 84.88 which is the 38.20 % fibonacci retracement of the last 28.94 $ move.
4- DROOYN.MX current resistance level is at 89.11 which is the 23.60 % fibonacci retracement of the last 28.94 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
DRDGOLD SP ADR (DROOYN.MX) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 67.000 and 54.000,resistance between 95.940 and 69.830 which was broken down at 89.700.
DRDGOLD SP ADR (DROOYN.MX) Mid term stock chart patterns for internet stock trading :

None.
DRDGOLD SP ADR (DROOYN.MX) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
DRDGOLD SP ADR (DROOYN.MX) was trading in a strong bullish wave, which is becoming stronger .
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 : 87.58, 89.11, 89.18, 90.47, 91.76, 95.94, 99.50.
Stock Support levels : 84.88, 81.47, 78.06, 67.00, 59.13,.