Today we will analyze the stock CHINA DISCOVERY AQ U (CADUF.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in CHINA DISCOVERY AQ U (CADUF.OB)
1- Last bearish trend was from 6.00 $ (6/12/2009) to 1.10 $ (4/12/2010) a 4.90 $ move 2- The current bullish trend started from 1.10 $ at 4/12/2010 and is currently trading at 1.26 $.
3- CADUF.OB current support level is at 1.10 which is the 0.00 % fibonacci retracement of the last 4.90 $ move.
4- CADUF.OB current resistance level is at 2.26 which is the 23.60 % fibonacci retracement of the last 4.90 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
CHINA DISCOVERY AQ U (CADUF.OB) Short term stock chart patterns for internet stock trading :

None.
CHINA DISCOVERY AQ U (CADUF.OB) Mid term stock chart patterns for internet stock trading :

None.
CHINA DISCOVERY AQ U (CADUF.OB) Long term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 6.000 .

Stock Trading Conclusion:
CHINA DISCOVERY AQ U (CADUF.OB) was trading in a strong 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 : 2.26, 2.97, 3.55, 4.13, 6.00, 7.33, 9.03.
Stock Support levels : 1.22, 1.20, 1.18, 1.16, 1.10,.