Today we will analyze the stock EDISON (EDX.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in EDISON (EDX.BE)
1- Last bearish trend was from 0.89 $ (3/10/2011) to 0.72 $ (3/24/2011) a 0.17 $ move 2- The current bullish trend started from 0.72 $ at 3/24/2011 and is currently trading at 0.77 $.
3- EDX.BE current support level is at 0.76 which is the 23.60 % fibonacci retracement of the last 0.17 $ move.
4- EDX.BE current resistance level is at 0.78 which is the 38.20 % fibonacci retracement of the last 0.17 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
EDISON (EDX.BE) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.890 .
EDISON (EDX.BE) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.890 and 0.910, and is currently resisting at 0.883.
EDISON (EDX.BE) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bearish stock channel identifed by support at 0.780 and 0.850,resistance between 0.910 and 0.940, the stock channel is currently supported from below by 0.689 and resisted from above by 0.837.

Stock Trading Conclusion:
EDISON (EDX.BE) was trading in a bearish 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 : 0.785, 0.805, 0.825, 0.883, 0.890, 0.936, 0.995.
Stock Support levels : 0.760, 0.758, 0.751, 0.745, 0.739, 0.720,.