Today we will analyze the stock ELY GOLD and MINERALS (ELYGF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in ELY GOLD and MINERALS (ELYGF.PK)
1- Last bullish trend was from 0.22 $ (4/27/2012) to 0.23 $ (5/1/2012) a 0.01 $ move 2- The current bearish trend started from 0.23 $ at 5/1/2012 and is currently trading at 0.21 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
4- Bullish Divergance in MACD Indicator .
ELY GOLD and MINERALS (ELYGF.PK) Short term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 0.230 and 0.250, and is currently resisting at 0.210.
ELY GOLD and MINERALS (ELYGF.PK) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.250 .
7- The Stock formed a 0.040 $ height triangle which was broken down at 0.240, target of the pattern is 0.200.
ELY GOLD and MINERALS (ELYGF.PK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.250 and 0.260, and is currently resisting at 0.241.

Stock Trading Conclusion:
ELY GOLD and MINERALS (ELYGF.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 : 0.210, 0.215, 0.218, 0.220, 0.222, 0.230, 0.241, 0.250, 0.277.
Stock Support levels : 0.200.