Today we will analyze the stock EXPLORATOR RES INC (EXRAF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in EXPLORATOR RES INC (EXRAF.PK)
1- Last bearish trend was from 0.70 $ (2/7/2011) to 0.47 $ (3/25/2011) a 0.23 $ move 2- The current bullish trend started from 0.47 $ at 3/25/2011 and is currently trading at 0.69 $.
3- EXRAF.PK current support level is at 0.61 which is the 61.80 % fibonacci retracement of the last 0.23 $ move.
4- EXRAF.PK current resistance level is at 0.70 which is the 100.00 % fibonacci retracement of the last 0.23 $ move.
5- 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.
6- Bearish Divergance in MACD Indicator .
EXPLORATOR RES INC (EXRAF.PK) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.470 and 0.380, and is currently supporting at 0.491.
EXPLORATOR RES INC (EXRAF.PK) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.470 and 0.380, and is currently supporting at 0.491.
EXPLORATOR RES INC (EXRAF.PK) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 0.470 and 0.380, and is currently supporting at 0.491.

Stock Trading Conclusion:
EXPLORATOR RES INC (EXRAF.PK) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 0.700, 0.763, 0.842.
Stock Support levels : 0.638, 0.612, 0.606, 0.585, 0.580, 0.558, 0.554, 0.524, 0.491, 0.470,.