Today we will analyze the stock DRAGON MINING (DRM.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in DRAGON MINING (DRM.MU)
1- Last bullish trend was from 0.63 $ (4/27/2012) to 0.73 $ (5/3/2012) a 0.10 $ move 2- The current bearish trend started from 0.73 $ at 5/3/2012 and is currently trading at 0.70 $.
3- DRM.MU current support level is at 0.69 which is the 38.20 % fibonacci retracement of the last 0.10 $ move.
4- DRM.MU current resistance level is at 0.71 which is the 23.60 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
DRAGON MINING (DRM.MU) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.730 and 0.840, and is currently resisting at 0.723.
DRAGON MINING (DRM.MU) Mid term stock chart patterns for internet stock trading :

None.
DRAGON MINING (DRM.MU) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1.010 and 1.050, and is currently resisting at 0.963.

Stock Trading Conclusion:
DRAGON MINING (DRM.MU) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 0.706, 0.707, 0.711, 0.715, 0.719, 0.723, 0.730, 0.963.
Stock Support levels : 0.692, 0.680, 0.668, 0.630, 0.603,.