Today we will analyze the stock RIO NARCEA GOLD (RNG.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in RIO NARCEA GOLD (RNG.SG)
1- Last bearish trend was from 3.84 $ (8/27/2007) to 3.70 $ (9/7/2007) a 0.14 $ move 2- The current bullish trend started from 3.70 $ at 9/7/2007 and is currently trading at 3.85 $.
3- RNG.SG current support level is at 3.84 which is the 100.00 % fibonacci retracement of the last 0.14 $ move.
4- RNG.SG current resistance level is at 3.88 which is the 127.20 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
RIO NARCEA GOLD (RNG.SG) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 3.840 that failed, and formed a support .
7- The Stock was supported by a support line, identified by two points: 3.700 and 3.600, and is currently supporting at 3.800.
RIO NARCEA GOLD (RNG.SG) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 3.840 and 3.900 that was broken up at 3.820 transforming into a supporting line.
RIO NARCEA GOLD (RNG.SG) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
RIO NARCEA GOLD (RNG.SG) was trading in a bullish wave, which is becoming stronger .
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 : 3.88, 3.93.
Stock Support levels : 3.84, 3.81, 3.80, 3.79, 3.79, 3.79, 3.78, 3.77, 3.76, 3.75, 3.73, 3.70,.