NETS DAX INDEX FUND (AMEX: DAX) (AMEX:DAX) Stock Research Trends Targets and Technical Analysis - AMEX American exchange [en]

Today we will analyze the stock NETS DAX INDEX FUND (DAX) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in NETS DAX INDEX FUND (DAX)
1- Last bearish trend was from 13.49 $ (1/30/2009) to 11.84 $ (2/2/2009) a 1.65 $ move 2- The current bullish trend started from 11.84 $ at 2/2/2009 and is currently trading at 13.24 $. 3- DAX current support level is at 12.86 which is the 61.80 % fibonacci retracement of the last 1.65 $ move.
4- DAX current resistance level is at 13.49 which is the 100.00 % fibonacci retracement of the last 1.65 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
NETS DAX INDEX FUND (DAX) Short term stock chart patterns for internet stock trading :

None.
NETS DAX INDEX FUND (DAX) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 13.490 and 15.910 that was broken up at 12.880 transforming into a supporting line.
NETS DAX INDEX FUND (DAX) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 13.490 and 15.910 that was broken up at 12.880 transforming into a supporting line.

Stock Trading Conclusion:
NETS DAX INDEX FUND (DAX) was trading in a bearish wave, which is becoming weaker .
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 : 13.49, 13.94, 14.51.
Stock Support levels : 12.91, 12.86, 12.71, 12.66, 12.54, 12.47, 12.37, 12.23, 11.84, -1.51,.