Today we will analyze the stock GRANITE (GRNT.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in GRANITE (GRNT.TA)
1- Last bullish trend was from 488.20 $ (4/16/2012) to 517.40 $ (4/30/2012) a 29.20 $ move 2- The current bearish trend started from 517.40 $ at 4/30/2012 and is currently trading at 493.00 $.
3- GRNT.TA current support level is at 488.20 which is the 100.00 % fibonacci retracement of the last 29.20 $ move.
4- GRNT.TA current resistance level is at 499.35 which is the 61.80 % fibonacci retracement of the last 29.20 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
GRANITE (GRNT.TA) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 63.000 $ height triangle which was broken down at 493.000, target of the pattern is 430.000.
GRANITE (GRNT.TA) Mid term stock chart patterns for internet stock trading :

None.
GRANITE (GRNT.TA) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 442.000 and 437.000, and is currently supporting at 446.857.

Stock Trading Conclusion:
GRANITE (GRNT.TA) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 494.45, 498.76, 499.35, 502.32, 502.80, 505.20, 506.25, 508.08, 510.51, 517.40,.
Stock Support levels : 488.20, 480.26, 470.15, 446.86,.