Today we will analyze the stock GREENSTONE INDUSTR (GRTN.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in GREENSTONE INDUSTR (GRTN.TA)
1- Last bullish trend was from 49.20 $ (4/11/2012) to 52.50 $ (4/23/2012) a 3.30 $ move 2- The current bearish trend started from 52.50 $ at 4/23/2012 and is currently trading at 49.40 $.
3- GRTN.TA current support level is at 49.20 which is the 100.00 % fibonacci retracement of the last 3.30 $ move.
4- GRTN.TA current resistance level is at 50.46 which is the 61.80 % fibonacci retracement of the last 3.30 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
GREENSTONE INDUSTR (GRTN.TA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 49.200 and 48.400 that was broken down at 49.700 transforming into a resistance line.
GREENSTONE INDUSTR (GRTN.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 7.100 $ height triangle which was broken down at 49.500, target of the pattern is 42.400.
GREENSTONE INDUSTR (GRTN.TA) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 53.400 and 56.900 that was broken up at 48.900 transforming into a supporting line.

Stock Trading Conclusion:
GREENSTONE INDUSTR (GRTN.TA) was trading in a bearish wave, which is becoming stronger .
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 : 49.70, 49.93, 50.13, 50.46, 50.58, 50.85, 50.95, 51.24, 51.32, 51.72, 52.50,.
Stock Support levels : 49.20, 48.30, 47.16, 42.40,.