Today we will analyze the stock Resource Capital Corp. (RSO) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Resource Capital Corp. (RSO)
1- Last bullish trend was from 5.10 $ (4/10/2012) to 5.47 $ (5/3/2012) a 0.37 $ move 2- The current bearish trend started from 5.47 $ at 5/3/2012 and is currently trading at 5.26 $.
3- RSO current support level is at 5.24 which is the 61.80 % fibonacci retracement of the last 0.37 $ move.
4- RSO current resistance level is at 5.28 which is the 50.00 % fibonacci retracement of the last 0.37 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Resource Capital Corp. (RSO) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 5.100 and 5.320,resistance between 5.470 and 5.670, the stock channel is currently supported from below by 4.975 and resisted from above by 5.448.
Resource Capital Corp. (RSO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 5.670 and 5.780, and is currently resisting at 5.494.
Resource Capital Corp. (RSO) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 4.630 and 4.210,resistance between 5.780 and 5.130 which was broken down at 5.520 in higher than usual volume.

Stock Trading Conclusion:
Resource Capital Corp. (RSO) was trading in a bearish wave, which is becoming weaker .
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 : 5.28, 5.31, 5.33, 5.34, 5.36, 5.38, 5.39, 5.47, 5.49, 5.88.
Stock Support levels : 5.24, 5.10, 5.00,.