PROSHARES TRUST (AMEX: TBT) (AMEX:TBT) Stock Research Trends Targets and Technical Analysis - AMEX American exchange [en]

Today we will analyze the stock PROSHARES TRUST (TBT) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in PROSHARES TRUST (TBT)
1- Last bearish trend was from 49.99 $ (2/18/2010) to 46.98 $ (3/4/2010) a 3.01 $ move 2- The current bullish trend started from 46.98 $ at 3/4/2010 and is currently trading at 47.87 $. 3- TBT current support level is at 47.69 which is the 23.60 % fibonacci retracement of the last 3.01 $ move.
4- TBT current resistance level is at 48.13 which is the 38.20 % fibonacci retracement of the last 3.01 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PROSHARES TRUST (TBT) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 46.980 .
PROSHARES TRUST (TBT) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 6.830 $ height triangle which was broken down at 47.870 in higher than usual volume, target of the pattern is 41.040.
PROSHARES TRUST (TBT) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 54.420 and 58.770 that was broken up at 46.010 transforming into a supporting line.

Stock Trading Conclusion:
PROSHARES TRUST (TBT) 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 : 47.97, 48.13, 48.49, 48.84, 49.99, 50.81, 51.85.
Stock Support levels : 47.69, 47.66, 47.53, 47.42, 47.32, 47.06, 46.98, 41.04,.