Today we will analyze the stock GRENKELEASING (GLJ.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in GRENKELEASING (GLJ.MU)
1- Last bullish trend was from 44.53 $ (3/30/2012) to 50.22 $ (4/30/2012) a 5.69 $ move 2- The current bearish trend started from 50.22 $ at 4/30/2012 and is currently trading at 48.08 $.
3- GLJ.MU current support level is at 48.05 which is the 38.20 % fibonacci retracement of the last 5.69 $ move.
4- GLJ.MU current resistance level is at 48.88 which is the 23.60 % fibonacci retracement of the last 5.69 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
GRENKELEASING (GLJ.MU) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 44.530 and 42.990,resistance between 50.220 and 46.810, the stock channel is currently supported from below by 46.891 and resisted from above by 50.707.
GRENKELEASING (GLJ.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 42.990 and 34.230,resistance between 48.690 and 39.400, the stock channel is currently supported from below by 47.313 and resisted from above by 55.469.
GRENKELEASING (GLJ.MU) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 42.990 and 34.230,resistance between 48.690 and 39.400, the stock channel is currently supported from below by 47.313 and resisted from above by 55.469.

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

Stock Resistance Levels : 48.59, 48.88, 48.90, 49.15, 49.40, 50.22,.
Stock Support levels : 48.05, 47.38, 46.70, 44.53, 42.98,.