Today we will analyze the stock Consolidated-tomoka Land Co. (CTO) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Consolidated-tomoka Land Co. (CTO)
1- Last bearish trend was from 27.56 $ (8/25/2010) to 26.64 $ (8/30/2010) a 0.92 $ move 2- The current bullish trend started from 26.64 $ at 8/30/2010 and is currently trading at 27.63 $.
3- CTO current support level is at 27.56 which is the 100.00 % fibonacci retracement of the last 0.92 $ move.
4- CTO current resistance level is at 27.81 which is the 127.20 % fibonacci retracement of the last 0.92 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
Consolidated-tomoka Land Co. (CTO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 26.640 and 26.230, and is currently supporting at 26.804.
Consolidated-tomoka Land Co. (CTO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 4.120 $ height triangle which was broken up at 29.800 in higher than usual volume, target of the pattern is 33.920 which was broken down at 28.390 in higher than usual volume, target of the pattern is 24.270.
Consolidated-tomoka Land Co. (CTO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 31.840 and 34.430, and is currently resisting at 29.566.

Stock Trading Conclusion:
Consolidated-tomoka Land Co. (CTO) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 27.81, 28.13, 28.90, 29.57, 33.92.
Stock Support levels : 27.56, 27.40, 27.25, 27.21, 27.13, 27.10, 27.02, 26.99, 26.86, 26.80, 26.64, 24.27,.