Today we will analyze the stock RARE ELEMENT RES LTD (RRLMF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in RARE ELEMENT RES LTD (RRLMF.PK)
1- Last bearish trend was from 3.06 $ (8/9/2010) to 2.79 $ (8/11/2010) a 0.27 $ move 2- The current bullish trend started from 2.79 $ at 8/11/2010 and is currently trading at 3.04 $.
3- RRLMF.PK current support level is at 2.96 which is the 61.80 % fibonacci retracement of the last 0.27 $ move.
4- RRLMF.PK current resistance level is at 3.06 which is the 100.00 % fibonacci retracement of the last 0.27 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
RARE ELEMENT RES LTD (RRLMF.PK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 3.060 and 3.160 that was broken up at 3.040 transforming into a supporting line.
RARE ELEMENT RES LTD (RRLMF.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 3.060 and 3.160 that was broken up at 3.040 transforming into a supporting line.
RARE ELEMENT RES LTD (RRLMF.PK) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 2.150 and 1.800,resistance between 3.160 and 2.670, the stock channel is currently supported from below by 2.818 and resisted from above by 3.510.

Stock Trading Conclusion:
RARE ELEMENT RES LTD (RRLMF.PK) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 3.06, 3.13, 3.23.
Stock Support levels : 2.98, 2.96, 2.94, 2.92, 2.91, 2.91, 2.89, 2.89, 2.85, 2.79,.