Today we will analyze the stock Avalon Holdings Corporation (AWX) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Avalon Holdings Corporation (AWX)
1- Last bullish trend was from 2.65 $ (8/26/2010) to 2.80 $ (8/30/2010) a 0.15 $ move 2- The current bearish trend started from 2.80 $ at 8/30/2010 and is currently trading at 2.70 $.
3- AWX current support level is at 2.65 which is the 100.00 % fibonacci retracement of the last 0.15 $ move.
4- AWX current resistance level is at 2.71 which is the 61.80 % fibonacci retracement of the last 0.15 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
Avalon Holdings Corporation (AWX) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 2.650 and 2.680,resistance between 2.800 and 2.820, the stock channel is currently supported from below by 2.630 and resisted from above by 2.790.
Avalon Holdings Corporation (AWX) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 2.550 and 2.340,resistance between 2.860 and 2.780, the stock channel is currently supported from below by 2.678 and resisted from above by 2.934.
Avalon Holdings Corporation (AWX) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 3.490 .

Stock Trading Conclusion:
Avalon Holdings Corporation (AWX) was trading in a bullish 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 : 2.71, 2.72, 2.72, 2.74, 2.74, 2.75, 2.76, 2.76, 2.80, 3.38.
Stock Support levels : 2.65, 2.61,.