Today we will analyze the stock TRICORONA (TRIC.ST) for internet stock trading in the ST stock market,
Stock Technical indicators to notice in TRICORONA (TRIC.ST)
1- Last bullish trend was from 5.60 $ (5/28/2010) to 8.20 $ (6/7/2010) a 2.60 $ move 2- The current bearish trend started from 8.20 $ at 6/7/2010 and is currently trading at 8.00 $.
3- TRIC.ST current support level is at 7.59 which is the 23.60 % fibonacci retracement of the last 2.60 $ move.
4- TRIC.ST current resistance level is at 8.20 which is the 0.00 % fibonacci retracement of the last 2.60 $ 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.
TRICORONA (TRIC.ST) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 5.600 .
TRICORONA (TRIC.ST) Mid term stock chart patterns for internet stock trading :

None.
TRICORONA (TRIC.ST) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
TRICORONA (TRIC.ST) 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 : 8.05, 8.08, 8.10, 8.12, 8.20,.
Stock Support levels : 7.59, 7.21, 6.90, 6.59, 5.60, 4.89,.