Today we will analyze the stock Gulf Resources (GFRE.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Gulf Resources (GFRE.OB)
1- Last bearish trend was from 3.55 $ (6/21/2011) to 3.13 $ (6/24/2011) a 0.42 $ move 2- The current bullish trend started from 3.13 $ at 6/24/2011 and is currently trading at 3.22 $.
3- GFRE.OB current support level is at 3.13 which is the 0.00 % fibonacci retracement of the last 0.42 $ move.
4- GFRE.OB current resistance level is at 3.23 which is the 23.60 % fibonacci retracement of the last 0.42 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Gulf Resources (GFRE.OB) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 3.130 and 2.700,resistance between 3.550 and 3.080 which was broken down at 3.250.
Gulf Resources (GFRE.OB) Mid term stock chart patterns for internet stock trading :

None.
Gulf Resources (GFRE.OB) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
Gulf Resources (GFRE.OB) was trading in a bullish 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 : 3.23, 3.29, 3.34, 3.39, 3.39, 3.55, 3.66, 3.81.
Stock Support levels : 3.20, 3.19, 3.18, 3.16, 3.13,.