Today we will analyze the stock RONA INC (RONAF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in RONA INC (RONAF.PK)
1- Last bearish trend was from 9.92 $ (1/17/2012) to 9.01 $ (4/2/2012) a 0.91 $ move 2- The current bullish trend started from 9.01 $ at 4/2/2012 and is currently trading at 10.49 $.
3- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
RONA INC (RONAF.PK) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 9.010 .
5- The Stock formed a 1.130 $ height triangle which was broken up at 10.170 in higher than usual volume, target of the pattern is 11.300.
RONA INC (RONAF.PK) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 9.010 .
7- The Stock formed a 5.800 $ height triangle which was broken up at 9.260, target of the pattern is 15.060.
RONA INC (RONAF.PK) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 9.010 .
9- The Stock formed a 5.800 $ height triangle which was broken up at 9.260, target of the pattern is 15.060.

Stock Trading Conclusion:
RONA INC (RONAF.PK) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 11.30, 15.06,.
Stock Support levels : 10.14, 9.92, 9.75, 9.70, 9.58, 9.02, 9.02, 9.01, 9.01, 8.04,.