Today we will analyze the stock DIAMYD MEDICAL ADR (DMYDY.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in DIAMYD MEDICAL ADR (DMYDY.PK)
1- Last bearish trend was from 1.45 $ (1/6/2012) to 1.37 $ (1/17/2012) a 0.08 $ move 2- The current bullish trend started from 1.37 $ at 1/17/2012 and is currently trading at 1.50 $.
3- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
DIAMYD MEDICAL ADR (DMYDY.PK) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 1.370 and 1.200 that was broken down at 1.480 transforming into a resistance line.
DIAMYD MEDICAL ADR (DMYDY.PK) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 0.160 $ height triangle which was broken up at 1.430 in higher than usual volume, target of the pattern is 1.590.
DIAMYD MEDICAL ADR (DMYDY.PK) Long term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.320 and 1.540 that was broken up at 1.300 transforming into a supporting line.

Stock Trading Conclusion:
DIAMYD MEDICAL ADR (DMYDY.PK) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 1.55, 1.59.
Stock Support levels : 1.47, 1.45, 1.43, 1.42, 1.37, 1.30, 1.28,.