IPATH EXCHANGE TRADED NOTES LI (AMEX: BWV) (AMEX:BWV) Stock Research Trends Targets and Technical Analysis - AMEX American exchange [en]

Today we will analyze the stock IPATH EXCHANGE TRADED NOTES LI (BWV) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in IPATH EXCHANGE TRADED NOTES LI (BWV)
1- Last bearish trend was from 45.93 $ (1/12/2010) to 43.19 $ (2/5/2010) a 2.74 $ move 2- The current bullish trend started from 43.19 $ at 2/5/2010 and is currently trading at 46.04 $. 3- BWV current support level is at 45.93 which is the 100.00 % fibonacci retracement of the last 2.74 $ move.
4- BWV current resistance level is at 46.68 which is the 127.20 % fibonacci retracement of the last 2.74 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
IPATH EXCHANGE TRADED NOTES LI (BWV) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 43.190 and 41.900, and is currently supporting at 43.655.
IPATH EXCHANGE TRADED NOTES LI (BWV) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 36.150 and 36.890 that was broken up at 35.160 transforming into a supporting line.
IPATH EXCHANGE TRADED NOTES LI (BWV) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 36.890 and 39.940 that was broken up at 33.380 transforming into a supporting line.

Stock Trading Conclusion:
IPATH EXCHANGE TRADED NOTES LI (BWV) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 46.68, 47.62.
Stock Support levels : 45.93, 45.37, 44.95, 44.88, 44.61, 44.56, 44.28, 44.24, 43.84, 43.66, 43.19, 28.10,.