Today we will analyze the stock CLINUVEL PHARM ADR (CLVLY.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in CLINUVEL PHARM ADR (CLVLY.PK)
1- Last bullish trend was from 2.15 $ (2/1/2012) to 2.39 $ (2/2/2012) a 0.24 $ move 2- The current bearish trend started from 2.39 $ at 2/2/2012 and is currently trading at 2.20 $.
3- CLVLY.PK current support level is at 2.15 which is the 100.00 % fibonacci retracement of the last 0.24 $ move.
4- CLVLY.PK current resistance level is at 2.24 which is the 61.80 % fibonacci retracement of the last 0.24 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
CLINUVEL PHARM ADR (CLVLY.PK) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.350 $ height triangle.
CLINUVEL PHARM ADR (CLVLY.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.350 $ height triangle.
CLINUVEL PHARM ADR (CLVLY.PK) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 2.150 and 1.500, and is currently supporting at 2.188.

Stock Trading Conclusion:
CLINUVEL PHARM ADR (CLVLY.PK) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 2.24, 2.24, 2.27, 2.27, 2.30, 2.30, 2.32, 2.33, 2.39,.
Stock Support levels : 2.19, 2.15, 2.08,.