Today we will analyze the stock AFRICAN BANK INV ADR (AFRVY.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in AFRICAN BANK INV ADR (AFRVY.PK)
1- Last bearish trend was from 26.65 $ (4/2/2012) to 24.26 $ (4/13/2012) a 2.39 $ move 2- The current bullish trend started from 24.26 $ at 4/13/2012 and is currently trading at 24.56 $.
3- AFRVY.PK current support level is at 24.26 which is the 0.00 % fibonacci retracement of the last 2.39 $ move.
4- AFRVY.PK current resistance level is at 24.82 which is the 23.60 % fibonacci retracement of the last 2.39 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
AFRICAN BANK INV ADR (AFRVY.PK) Short term stock chart patterns for internet stock trading :

None.
AFRICAN BANK INV ADR (AFRVY.PK) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 19.270 and 18.880, and is currently supporting at 21.634.
AFRICAN BANK INV ADR (AFRVY.PK) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 3.130 $ height triangle which was broken up at 20.910 in higher than usual volume, target of the pattern is 24.040.

Stock Trading Conclusion:
AFRICAN BANK INV ADR (AFRVY.PK) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 24.82, 25.17, 25.45, 25.74, 26.65, 27.30, 28.13.
Stock Support levels : 24.49, 24.45, 24.41, 24.37, 24.26, 21.63,.