Today we will analyze the stock RESERVOIR CAP CORP (RSERF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in RESERVOIR CAP CORP (RSERF.PK)
1- Last bearish trend was from 0.31 $ (5/7/2012) to 0.28 $ (5/8/2012) a 0.03 $ move 2- The current bullish trend started from 0.28 $ at 5/8/2012 and is currently trading at 0.30 $.
3- RSERF.PK current support level is at 0.30 which is the 61.80 % fibonacci retracement of the last 0.03 $ move.
4- RSERF.PK current resistance level is at 0.31 which is the 100.00 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bullish Divergance in MACD Indicator .
RESERVOIR CAP CORP (RSERF.PK) Short term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.310 and 0.330, and is currently resisting at 0.300.
RESERVOIR CAP CORP (RSERF.PK) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.330 and 0.460 that was broken up at 0.300 transforming into a supporting line.
RESERVOIR CAP CORP (RSERF.PK) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 0.460 and 0.540, and is currently resisting at 0.403.

Stock Trading Conclusion:
RESERVOIR CAP CORP (RSERF.PK) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.310, 0.318, 0.329, 0.403, 0.460.
Stock Support levels : 0.299, 0.295, 0.295, 0.292, 0.291, 0.290, 0.288, 0.287, 0.280,.