Lynch Corporation (AMEX: LGL) (AMEX:LGL) Stock Research Trends Targets and Technical Analysis - AMEX American exchange [en]

Today we will analyze the stock Lynch Corporation (LGL) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Lynch Corporation (LGL)
1- Last bullish trend was from 3.65 $ (1/26/2010) to 4.34 $ (2/12/2010) a 0.69 $ move 2- The current bearish trend started from 4.34 $ at 2/12/2010 and is currently trading at 4.04 $. 3- LGL current support level is at 4.00 which is the 50.00 % fibonacci retracement of the last 0.69 $ move.
4- LGL current resistance level is at 4.08 which is the 38.20 % fibonacci retracement of the last 0.69 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
Lynch Corporation (LGL) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 3.650 and 3.200,resistance between 4.340 and 4.000 which was broken down at 4.120.
Lynch Corporation (LGL) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 3.650 and 3.200,resistance between 4.340 and 4.000 which was broken down at 4.120.
Lynch Corporation (LGL) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 3.200 and 2.800 that was broken down at 4.290 transforming into a resistance line.

Stock Trading Conclusion:
Lynch Corporation (LGL) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 4.08, 4.11, 4.15, 4.18, 4.19, 4.23, 4.34, 4.44, 4.91.
Stock Support levels : 4.00, 3.91, 3.65, 3.46,.