Today we will analyze the stock ROYAL BK SCOTL GR (RYS.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in ROYAL BK SCOTL GR (RYS.MU)
1- Last bullish trend was from 0.28 $ (4/26/2012) to 0.31 $ (5/4/2012) a 0.03 $ move 2- The current bearish trend started from 0.31 $ at 5/4/2012 and is currently trading at 0.29 $.
3- RYS.MU current support level is at 0.28 which is the 100.00 % fibonacci retracement of the last 0.03 $ move.
4- RYS.MU current resistance level is at 0.29 which is the 61.80 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
ROYAL BK SCOTL GR (RYS.MU) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.310 and 0.350, and is currently resisting at 0.308.
ROYAL BK SCOTL GR (RYS.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.310 and 0.350, and is currently resisting at 0.308.
ROYAL BK SCOTL GR (RYS.MU) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.350 .

Stock Trading Conclusion:
ROYAL BK SCOTL GR (RYS.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 : 0.291, 0.295, 0.295, 0.298, 0.299, 0.300, 0.302, 0.303, 0.308, 0.310, 0.350.
Stock Support levels : 0.280, 0.272,.