Today we will analyze the stock YAMANA GOLD (RNY.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in YAMANA GOLD (RNY.SG)
1- Last bearish trend was from 11.11 $ (4/27/2012) to 10.32 $ (5/3/2012) a 0.79 $ move 2- The current bullish trend started from 10.32 $ at 5/3/2012 and is currently trading at 10.58 $.
3- RNY.SG current support level is at 10.51 which is the 23.60 % fibonacci retracement of the last 0.79 $ move.
4- RNY.SG current resistance level is at 10.62 which is the 38.20 % fibonacci retracement of the last 0.79 $ move.
5- According to ADX Indicator, the trend is currently 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.
YAMANA GOLD (RNY.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 11.110 and 11.730, and is currently resisting at 10.828.
YAMANA GOLD (RNY.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 12.140 and 10.720 that was broken down at 12.590 transforming into a resistance line.
YAMANA GOLD (RNY.SG) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 10.720 and 9.460 that was broken down at 11.930 transforming into a resistance line.

Stock Trading Conclusion:
YAMANA GOLD (RNY.SG) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 10.62, 10.72, 10.81, 10.83, 11.11, 11.32, 11.60, 13.07, 14.08.
Stock Support levels : 10.52, 10.51, 10.48, 10.45, 10.42, 10.32,.