Today we will analyze the stock DRAGON OIL (DRS.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in DRAGON OIL (DRS.MU)
1- Last bullish trend was from 7.23 $ (4/11/2012) to 7.53 $ (4/18/2012) a 0.30 $ move 2- The current bearish trend started from 7.53 $ at 4/18/2012 and is currently trading at 7.00 $.
3- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
DRAGON OIL (DRS.MU) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 7.530 and 7.710, and is currently resisting at 7.260.
DRAGON OIL (DRS.MU) Mid term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 5.460 and 5.160, and is currently supporting at 5.838.
DRAGON OIL (DRS.MU) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 5.460 and 4.780, and is currently supporting at 6.034.

Stock Trading Conclusion:
DRAGON OIL (DRS.MU) was trading in a 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 : 7.13, 7.20, 7.26, 7.27, 7.33, 7.53.
Stock Support levels : 6.03,.