Today we will analyze the stock Equity Income Fund (ATF) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Equity Income Fund (ATF)
1- Last bearish trend was from 117.42 $ (6/5/2008) to 92.11 $ (7/29/2008) a 25.31 $ move 2- The current bullish trend started from 92.11 $ at 7/29/2008 and is currently trading at 94.99 $.
3- ATF current support level is at 92.11 which is the 0.00 % fibonacci retracement of the last 25.31 $ move.
4- ATF current resistance level is at 98.08 which is the 23.60 % fibonacci retracement of the last 25.31 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Equity Income Fund (ATF) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 117.420 .
Equity Income Fund (ATF) Mid term stock chart patterns for internet stock trading :

None.
Equity Income Fund (ATF) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 118.610 and 123.780, and is currently resisting at 115.092.

Stock Trading Conclusion:
Equity Income Fund (ATF) was trading in a bearish 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 : 98.08, 101.78, 104.76, 107.75, 115.09, 115.26, 115.42, 115.66, 116.06, 117.42, 124.30, 133.06.
Stock Support levels : 94.31, 93.89, 93.55, 93.21, 92.11,.