Today we will analyze the stock GULF KEYSTONE PETRO (GUKYF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in GULF KEYSTONE PETRO (GUKYF.PK)
1- Last bullish trend was from 3.66 $ (4/27/2012) to 3.89 $ (4/30/2012) a 0.23 $ move 2- The current bearish trend started from 3.89 $ at 4/30/2012 and is currently trading at 3.15 $.
3- 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.
GULF KEYSTONE PETRO (GUKYF.PK) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Top Pattern at 3.890 .
5- The Stock formed a 0.440 $ height triangle which was broken down at 3.700 in higher than usual volume, target of the pattern is 3.260.
GULF KEYSTONE PETRO (GUKYF.PK) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 3.890 and 4.340, and is currently resisting at 3.759.
GULF KEYSTONE PETRO (GUKYF.PK) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 3.440 and 3.930,resistance between 3.890 and 4.430 which was broken down at 3.150 in higher than usual volume.

Stock Trading Conclusion:
GULF KEYSTONE PETRO (GUKYF.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 : 3.21, 3.32, 3.43, 3.52, 3.61, 3.76, 3.88, 3.89, 3.90, 4.01.
Stock Support levels :.