Today we will analyze the stock Aberdeen Australia Equity Fund Inc (IAF) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Aberdeen Australia Equity Fund Inc (IAF)
1- Last bearish trend was from 9.35 $ (12/23/2011) to 9.05 $ (12/30/2011) a 0.30 $ move 2- The current bullish trend started from 9.05 $ at 12/30/2011 and is currently trading at 11.00 $.
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.
Aberdeen Australia Equity Fund Inc (IAF) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 0.790 $ height triangle which was broken up at 9.360, target of the pattern is 10.150.
Aberdeen Australia Equity Fund Inc (IAF) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 1.720 $ height triangle which was broken up at 9.360, target of the pattern is 11.080.
Aberdeen Australia Equity Fund Inc (IAF) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 2.010 $ height triangle which was broken up at 10.250, target of the pattern is 12.260.

Stock Trading Conclusion:
Aberdeen Australia Equity Fund Inc (IAF) 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 : 11.08, 12.26.
Stock Support levels : 10.54, 10.26, 10.22, 10.02, 9.79, 9.05, 8.70,.