Today we will analyze the stock REDFLEX HLDGS LTD AD (RFLXY.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in REDFLEX HLDGS LTD AD (RFLXY.PK)
1- Last bullish trend was from 13.20 $ (2/28/2012) to 18.00 $ (3/15/2012) a 4.80 $ move 2- The current bearish trend started from 18.00 $ at 3/15/2012 and is currently trading at 16.30 $.
3- RFLXY.PK current support level is at 16.17 which is the 38.20 % fibonacci retracement of the last 4.80 $ move.
4- RFLXY.PK current resistance level is at 16.87 which is the 23.60 % fibonacci retracement of the last 4.80 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
REDFLEX HLDGS LTD AD (RFLXY.PK) Short term stock chart patterns for internet stock trading :

None.
REDFLEX HLDGS LTD AD (RFLXY.PK) Mid term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 13.200 and 18.070,resistance between 18.000 and 21.500, the stock channel is currently supported from below by 12.249 and resisted from above by 17.381.
REDFLEX HLDGS LTD AD (RFLXY.PK) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 13.200 and 18.070,resistance between 18.000 and 21.500, the stock channel is currently supported from below by 12.249 and resisted from above by 17.381.

Stock Trading Conclusion:
REDFLEX HLDGS LTD AD (RFLXY.PK) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 16.70, 16.87, 16.95, 17.15, 17.35, 18.00,.
Stock Support levels : 16.17, 15.60, 15.03, 13.20, 11.89,.