Today we will analyze the stock RIOCAN REIT (R7G.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in RIOCAN REIT (R7G.MU)
1- Last bearish trend was from 21.12 $ (3/5/2012) to 19.90 $ (3/23/2012) a 1.22 $ move 2- The current bullish trend started from 19.90 $ at 3/23/2012 and is currently trading at 20.76 $.
3- R7G.MU current support level is at 20.65 which is the 61.80 % fibonacci retracement of the last 1.22 $ move.
4- R7G.MU current resistance level is at 21.12 which is the 100.00 % fibonacci retracement of the last 1.22 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
RIOCAN REIT (R7G.MU) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 19.900 .
RIOCAN REIT (R7G.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 17.420 and 16.950, and is currently supporting at 19.262.
RIOCAN REIT (R7G.MU) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 3.020 $ height triangle which was broken up at 18.640, target of the pattern is 21.660.

Stock Trading Conclusion:
RIOCAN REIT (R7G.MU) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 21.12, 21.45, 21.66, 21.87.
Stock Support levels : 20.65, 20.56, 20.51, 20.43, 20.37, 20.33, 20.23, 20.19, 19.90, 19.26,.