Today we will analyze the index ATX Austria (ATX) for internet stock trading in the INDICES stock market,
Stock Technical indicators to notice in ATX Austria (ATX)
1- Last bullish trend was from 2,022.25 $ (4/23/2012) to 2,118.94 $ (4/30/2012) a 96.69 $ move 2- The current bearish trend started from 2,118.94 $ at 4/30/2012 and is currently trading at 2,029.80 $.
3- ATX current support level is at 2,022.25 which is the 100.00 % fibonacci retracement of the last 96.69 $ move.
4- ATX current resistance level is at 2,059.19 which is the 61.80 % fibonacci retracement of the last 96.69 $ 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.
ATX Austria (ATX) Short term stock chart patterns for internet stock trading :

6- The Index formed Double Bottom Pattern at 2,022.250 .
ATX Austria (ATX) Mid term stock chart patterns for internet stock trading :

7- The Index formed Double Top Pattern at 2,248.810 .
8- The Index formed a 493.260 $ height triangle which was broken down at 2,173.090, target of the pattern is 1,679.830.
ATX Austria (ATX) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
ATX Austria (ATX) 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 : 2,050.84, 2,059.19, 2,063.85, 2,070.59, 2,074.37, 2,082.00, 2,084.89, 2,096.12, 2,118.94, 2,252.73, 2,254.29, 2,386.22.
Stock Support levels : 2,023.06, 2,022.25, 1,995.95, 1,962.50,.