Today we will analyze the stock LUKOIL CO SPONS ADR (LUKOY.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in LUKOIL CO SPONS ADR (LUKOY.PK)
1- Last bullish trend was from 59.50 $ (4/10/2012) to 61.90 $ (4/12/2012) a 2.40 $ move 2- The current bearish trend started from 61.90 $ at 4/12/2012 and is currently trading at 54.33 $.
3- According to ADX Indicator, the trend is currently 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.
LUKOIL CO SPONS ADR (LUKOY.PK) Short term stock chart patterns for internet stock trading :

4- The Stock traded in a bearish stock channel identifed by support at 59.500 and 61.870,resistance between 61.900 and 63.800 which was broken down at 54.330.
LUKOIL CO SPONS ADR (LUKOY.PK) Mid term stock chart patterns for internet stock trading :

None.
LUKOIL CO SPONS ADR (LUKOY.PK) Long term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 49.690 and 48.110, and is currently supporting at 52.620.

Stock Trading Conclusion:
LUKOIL CO SPONS ADR (LUKOY.PK) was trading in a 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 : 55.35, 56.12, 57.22, 58.12, 59.01, 61.90.
Stock Support levels : 52.62.