Today we will analyze the stock GDF SUEZ SP ADR (GDFZY.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in GDF SUEZ SP ADR (GDFZY.PK)
1- Last bullish trend was from 22.72 $ (4/10/2012) to 24.11 $ (4/17/2012) a 1.39 $ move 2- The current bearish trend started from 24.11 $ at 4/17/2012 and is currently trading at 21.88 $.
3- GDFZY.PK current support level is at 21.86 which is the 161.80 % fibonacci retracement of the last 1.39 $ move.
4- GDFZY.PK current resistance level is at 22.34 which is the 127.20 % fibonacci retracement of the last 1.39 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
GDF SUEZ SP ADR (GDFZY.PK) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 22.720 and 24.200,resistance between 24.110 and 25.550, the stock channel is currently supported from below by 21.425 and resisted from above by 22.958.
GDF SUEZ SP ADR (GDFZY.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 24.110 and 27.360, and is currently resisting at 23.004.
GDF SUEZ SP ADR (GDFZY.PK) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 4.640 $ height triangle which was broken down at 26.110 in higher than usual volume, target of the pattern is 21.470.

Stock Trading Conclusion:
GDF SUEZ SP ADR (GDFZY.PK) was trading in a strong bearish wave, which is becoming stronger .
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 : 22.34, 22.41, 22.72, 22.73, 22.99, 23.00, 23.25, 23.26, 23.42, 23.58, 23.78, 24.11, 25.58, 31.36.
Stock Support levels : 21.86,.