Today we will analyze the stock ERONGO ENERGY (L6Y.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in ERONGO ENERGY (L6Y.SG)
1- Last bearish trend was from 0.08 $ (4/30/2012) to 0.05 $ (5/4/2012) a 0.03 $ move 2- The current bullish trend started from 0.05 $ at 5/4/2012 and is currently trading at 0.06 $.
3- L6Y.SG current support level is at 0.06 which is the 23.60 % fibonacci retracement of the last 0.03 $ move.
4- L6Y.SG current resistance level is at 0.06 which is the 38.20 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
ERONGO ENERGY (L6Y.SG) Short term stock chart patterns for internet stock trading :

None.
ERONGO ENERGY (L6Y.SG) Mid term stock chart patterns for internet stock trading :

None.
ERONGO ENERGY (L6Y.SG) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
ERONGO ENERGY (L6Y.SG) was trading in a strong 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 : 0.061, 0.065, 0.069, 0.080, 0.088, 0.090, 0.099.
Stock Support levels : 0.058, 0.057, 0.056, 0.055, 0.054, 0.050,.