Today we will analyze the stock Thai Capital Fund Inc (TF) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Thai Capital Fund Inc (TF)
1- Last bearish trend was from 9.20 $ (12/7/2011) to 8.59 $ (12/30/2011) a 0.61 $ move 2- The current bullish trend started from 8.59 $ at 12/30/2011 and is currently trading at 9.57 $.
3- TF current support level is at 9.37 which is the 127.20 % fibonacci retracement of the last 0.61 $ move.
4- TF current resistance level is at 9.58 which is the 161.80 % fibonacci retracement of the last 0.61 $ move.
5- 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.
Thai Capital Fund Inc (TF) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 8.590 and 8.240, and is currently supporting at 8.900.
Thai Capital Fund Inc (TF) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 2.580 $ height triangle which was broken up at 8.920, target of the pattern is 11.500.
Thai Capital Fund Inc (TF) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 10.320 and 10.380, and is currently resisting at 10.203.

Stock Trading Conclusion:
Thai Capital Fund Inc (TF) 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 : 9.58, 10.20, 11.50.
Stock Support levels : 9.37, 9.34, 9.20, 9.20, 9.08, 8.97, 8.96, 8.90, 8.90, 8.82, 8.78, 8.73, 8.59,.