Today we will analyze the stock FREDDIE MAC (FRE.MX) for internet stock trading in the MX stock market,
Stock Technical indicators to notice in FREDDIE MAC (FRE.MX)
1- Last bullish trend was from 4.05 $ (7/5/2010) to 4.50 $ (7/6/2010) a 0.45 $ move 2- The current bearish trend started from 4.50 $ at 7/6/2010 and is currently trading at 3.78 $.
3- FRE.MX current support level is at 3.77 which is the 161.80 % fibonacci retracement of the last 0.45 $ move.
4- FRE.MX current resistance level is at 3.93 which is the 127.20 % fibonacci retracement of the last 0.45 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,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.
FREDDIE MAC (FRE.MX) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 4.050 that failed and formed a resistance.
7- The Stock was resisted by a resistance line, identified by two points: 4.500 and 4.790, and is currently resisting at 4.355.
FREDDIE MAC (FRE.MX) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 4.050 that failed and formed a resistance.
9- The Stock was resisted by a resistance line, identified by two points: 4.500 and 4.790, and is currently resisting at 4.355.
FREDDIE MAC (FRE.MX) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Bottom Pattern at 4.050 that failed and formed a resistance.
11- The Stock was resisted by a resistance line, identified by two points: 4.500 and 4.790, and is currently resisting at 4.355.

Stock Trading Conclusion:
FREDDIE MAC (FRE.MX) was trading in a strong bearish wave, which is becoming weaker .
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 : 3.93, 3.95, 4.05, 4.06, 4.14, 4.22, 4.22, 4.28, 4.33, 4.36, 4.39, 4.50,.
Stock Support levels : 3.77.