Today we will analyze the stock Royal Bank Of Canada (RY) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Royal Bank Of Canada (RY)
1- Last bullish trend was from 55.11 $ (4/10/2012) to 58.10 $ (4/27/2012) a 2.99 $ move 2- The current bearish trend started from 58.10 $ at 4/27/2012 and is currently trading at 53.31 $.
3- RY current support level is at 53.26 which is the 161.80 % fibonacci retracement of the last 2.99 $ move.
4- RY current resistance level is at 54.30 which is the 127.20 % fibonacci retracement of the last 2.99 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
Royal Bank Of Canada (RY) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 6.900 $ height triangle which was broken down at 55.160 in higher than usual volume, target of the pattern is 48.260.
Royal Bank Of Canada (RY) Mid term stock chart patterns for internet stock trading :

None.
Royal Bank Of Canada (RY) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
Royal Bank Of Canada (RY) was trading in a bearish 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 : 54.30, 54.44, 55.11, 55.14, 55.71, 56.25, 56.27, 56.56, 56.60, 56.96, 57.39, 58.10,.
Stock Support levels : 53.26,.