Today we will analyze the stock FORTUNE RIVER RES (RG7A.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in FORTUNE RIVER RES (RG7A.MU)
1- Last bullish trend was from 0.06 $ (12/30/2010) to 0.09 $ (1/6/2011) a 0.03 $ move 2- The current bearish trend started from 0.09 $ at 1/6/2011 and is currently trading at 0.05 $.
3- RG7A.MU current support level is at 0.04 which is the 161.80 % fibonacci retracement of the last 0.03 $ move.
4- RG7A.MU current resistance level is at 0.05 which is the 127.20 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
FORTUNE RIVER RES (RG7A.MU) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.060 and 0.020 that was broken down at 0.050 transforming into a resistance line.
FORTUNE RIVER RES (RG7A.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.060 and 0.020 that was broken down at 0.050 transforming into a resistance line.
FORTUNE RIVER RES (RG7A.MU) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.060 and 0.020 that was broken down at 0.050 transforming into a resistance line.

Stock Trading Conclusion:
FORTUNE RIVER RES (RG7A.MU) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 0.052, 0.059, 0.060, 0.063, 0.065, 0.070, 0.071, 0.075, 0.075, 0.079, 0.083, 0.090,.
Stock Support levels : 0.041.