Today we will analyze the stock ST SPDR SP BRIC 40 (BIK) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in ST SPDR SP BRIC 40 (BIK)
1- Last bearish trend was from 23.63 $ (12/5/2011) to 21.09 $ (12/19/2011) a 2.54 $ move 2- The current bullish trend started from 21.09 $ at 12/19/2011 and is currently trading at 25.85 $.
3- According to ADX Indicator, the trend is currently strong bullish, 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.
ST SPDR SP BRIC 40 (BIK) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 21.090 .
5- The Stock formed a 2.680 $ height triangle which was broken up at 23.370 in higher than usual volume, target of the pattern is 26.050.
ST SPDR SP BRIC 40 (BIK) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 21.090 .
7- The Stock formed a 3.320 $ height triangle which was broken up at 22.790 in higher than usual volume, target of the pattern is 26.110.
ST SPDR SP BRIC 40 (BIK) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 21.090 .
9- The Stock formed a 3.500 $ height triangle which was broken up at 22.790 in higher than usual volume, target of the pattern is 26.290.

Stock Trading Conclusion:
ST SPDR SP BRIC 40 (BIK) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 26.05, 26.11, 26.29.
Stock Support levels : 24.73, 24.03, 23.47, 23.06, 22.91, 22.01, 21.69, 21.09, 21.04, 21.00, 20.95,.