Today we will analyze the stock AFREN PLC LONDON (AFRNF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in AFREN PLC LONDON (AFRNF.PK)
1- Last bullish trend was from 2.28 $ (4/19/2012) to 2.45 $ (4/20/2012) a 0.17 $ move 2- The current bearish trend started from 2.45 $ at 4/20/2012 and is currently trading at 1.94 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
AFREN PLC LONDON (AFRNF.PK) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 2.280 and 2.130 that was broken down at 2.330 transforming into a resistance line.
AFREN PLC LONDON (AFRNF.PK) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Bottom Pattern at 2.000 that failed and formed a resistance.
AFREN PLC LONDON (AFRNF.PK) Long term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 2.000 and 1.860,resistance between 2.450 and 2.320 which was broken down at 2.020 in higher than usual volume.

Stock Trading Conclusion:
AFREN PLC LONDON (AFRNF.PK) was trading in a bearish wave, which is becoming stronger .
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 : 2.00, 2.06, 2.13, 2.13, 2.20, 2.26, 2.45, 2.58.
Stock Support levels :.