Today we will analyze the stock RANDGOLD RES ADR (RGRA.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in RANDGOLD RES ADR (RGRA.MU)
1- Last bullish trend was from 64.86 $ (4/26/2012) to 67.31 $ (5/3/2012) a 2.45 $ move 2- The current bearish trend started from 67.31 $ at 5/3/2012 and is currently trading at 64.93 $.
3- RGRA.MU current support level is at 64.86 which is the 100.00 % fibonacci retracement of the last 2.45 $ move.
4- RGRA.MU current resistance level is at 65.80 which is the 61.80 % fibonacci retracement of the last 2.45 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
RANDGOLD RES ADR (RGRA.MU) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 5.700 $ height triangle which was broken down at 64.930, target of the pattern is 59.230.
RANDGOLD RES ADR (RGRA.MU) Mid term stock chart patterns for internet stock trading :

None.
RANDGOLD RES ADR (RGRA.MU) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
RANDGOLD RES ADR (RGRA.MU) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 65.49, 65.80, 65.84, 66.05, 66.08, 66.12, 66.37, 66.40, 66.73, 67.31,.
Stock Support levels : 64.86, 64.19, 63.35,.