Today we will analyze the stock ARKEMA SP ADR (ARKAY.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in ARKEMA SP ADR (ARKAY.PK)
1- Last bullish trend was from 87.05 $ (4/24/2012) to 90.99 $ (4/25/2012) a 3.94 $ move 2- The current bearish trend started from 90.99 $ at 4/25/2012 and is currently trading at 84.65 $.
3- ARKAY.PK current support level is at 84.62 which is the 161.80 % fibonacci retracement of the last 3.94 $ move.
4- ARKAY.PK current resistance level is at 85.98 which is the 127.20 % fibonacci retracement of the last 3.94 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
ARKEMA SP ADR (ARKAY.PK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 90.990 and 91.650, and is currently resisting at 89.890.
ARKEMA SP ADR (ARKAY.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 91.650 and 94.470, and is currently resisting at 88.642.
ARKEMA SP ADR (ARKAY.PK) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
ARKEMA SP ADR (ARKAY.PK) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 85.98, 86.15, 87.05, 87.07, 87.82, 88.56, 88.57, 88.64, 89.02, 89.48, 89.89, 90.06, 90.99, 94.89.
Stock Support levels : 84.62.