Today we will analyze the stock OAO GAZPROM ADR (OGZPY.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in OAO GAZPROM ADR (OGZPY.PK)
1- Last bullish trend was from 20.98 $ (10/19/2010) to 23.12 $ (11/4/2010) a 2.14 $ move 2- The current bearish trend started from 23.12 $ at 11/4/2010 and is currently trading at 22.25 $.
3- OGZPY.PK current support level is at 22.05 which is the 50.00 % fibonacci retracement of the last 2.14 $ move.
4- OGZPY.PK current resistance level is at 22.30 which is the 38.20 % fibonacci retracement of the last 2.14 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
OAO GAZPROM ADR (OGZPY.PK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 20.980 and 20.380, and is currently supporting at 21.580.
OAO GAZPROM ADR (OGZPY.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 20.300 and 18.450,resistance between 22.670 and 20.950 which was broken down at 22.770.
OAO GAZPROM ADR (OGZPY.PK) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 20.300 and 18.450 that was broken down at 22.770 transforming into a resistance line.

Stock Trading Conclusion:
OAO GAZPROM ADR (OGZPY.PK) was trading in a bullish 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 : 22.30, 22.46, 22.58, 22.61, 22.69, 22.79, 23.03, 23.12,.
Stock Support levels : 22.05, 21.80, 21.58, 20.98, 20.44, 20.40,.