Today we will analyze the stock GFR PHARMACEUTICALS (GFRP.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in GFR PHARMACEUTICALS (GFRP.OB)
1- Last bearish trend was from 0.50 $ (4/30/2012) to 0.48 $ (5/3/2012) a 0.02 $ move 2- The current bullish trend started from 0.48 $ at 5/3/2012 and is currently trading at 0.50 $.
3- GFRP.OB current support level is at 0.50 which is the 100.00 % fibonacci retracement of the last 0.02 $ move.
4- GFRP.OB current resistance level is at 0.51 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
GFR PHARMACEUTICALS (GFRP.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.170 $ height triangle which was broken up at 0.480 in higher than usual volume, target of the pattern is 0.650 which was broken down at 0.490 in higher than usual volume, target of the pattern is 0.320.
GFR PHARMACEUTICALS (GFRP.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 0.360 and 0.350,resistance between 0.530 and 0.520, the stock channel is currently supported from below by 0.385 and resisted from above by 0.557.
GFR PHARMACEUTICALS (GFRP.OB) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 0.360 and 0.350,resistance between 0.530 and 0.520, the stock channel is currently supported from below by 0.385 and resisted from above by 0.557.

Stock Trading Conclusion:
GFR PHARMACEUTICALS (GFRP.OB) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 0.505, 0.512, 0.560, 0.650.
Stock Support levels : 0.495, 0.492, 0.490, 0.488, 0.485, 0.480, 0.448,.