Today we will analyze the stock LUDAN ENGR (LUDN.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in LUDAN ENGR (LUDN.TA)
1- Last bearish trend was from 512.00 $ (4/18/2012) to 450.00 $ (5/1/2012) a 62.00 $ move 2- The current bullish trend started from 450.00 $ at 5/1/2012 and is currently trading at 481.00 $.
3- LUDN.TA current support level is at 481.00 which is the 50.00 % fibonacci retracement of the last 62.00 $ move.
4- LUDN.TA current resistance level is at 488.32 which is the 61.80 % fibonacci retracement of the last 62.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
LUDAN ENGR (LUDN.TA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 450.000 and 407.100, and is currently supporting at 457.150.
LUDAN ENGR (LUDN.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 140.000 $ height triangle.
LUDAN ENGR (LUDN.TA) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 512.000 and 525.000, and is currently resisting at 510.345.

Stock Trading Conclusion:
LUDAN ENGR (LUDN.TA) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 488.32, 510.35, 512.00, 528.86, 550.32.
Stock Support levels : 473.68, 469.16, 465.50, 464.63, 461.84, 457.15, 450.00,.