Today we will analyze the stock First Trust Value Line 100 Fund (FVL) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in First Trust Value Line 100 Fund (FVL)
1- Last bearish trend was from 12.58 $ (12/6/2011) to 11.82 $ (12/19/2011) a 0.76 $ move 2- The current bullish trend started from 11.82 $ at 12/19/2011 and is currently trading at 13.54 $.
3- According to ADX Indicator, the trend is currently 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.
First Trust Value Line 100 Fund (FVL) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 1.350 $ height triangle which was broken up at 12.590, target of the pattern is 13.940.
First Trust Value Line 100 Fund (FVL) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 1.460 $ height triangle which was broken up at 12.430 in higher than usual volume, target of the pattern is 13.890.
First Trust Value Line 100 Fund (FVL) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 11.370 and 10.090, and is currently supporting at 12.886.

Stock Trading Conclusion:
First Trust Value Line 100 Fund (FVL) was trading in a 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 : 13.89, 13.94.
Stock Support levels : 13.13, 12.89, 12.88, 12.68, 12.48, 12.20, 12.08,.