Today we will analyze the stock RIVERSDALE MINING (RFLMF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in RIVERSDALE MINING (RFLMF.PK)
1- Last bullish trend was from 16.54 $ (7/6/2011) to 19.50 $ (7/12/2011) a 2.96 $ move 2- The current bearish trend started from 19.50 $ at 7/12/2011 and is currently trading at 14.60 $.
3- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
RIVERSDALE MINING (RFLMF.PK) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 16.540 that failed and formed a resistance.
RIVERSDALE MINING (RFLMF.PK) Mid term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 16.540 and 14.850 that was broken down at 14.600 transforming into a resistance line.
RIVERSDALE MINING (RFLMF.PK) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 14.850 and 8.000 that was broken down at 14.600 transforming into a resistance line.

Stock Trading Conclusion:
RIVERSDALE MINING (RFLMF.PK) was trading in a strong bearish 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 : 15.76, 16.47, 16.49, 16.66, 17.05, 17.63, 17.87, 17.90, 19.38, 19.50.
Stock Support levels :.