Today we will analyze the stock ELTEK (EK1.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in ELTEK (EK1.BE)
1- Last bullish trend was from 0.76 $ (3/24/2011) to 0.82 $ (3/28/2011) a 0.06 $ move 2- The current bearish trend started from 0.82 $ at 3/28/2011 and is currently trading at 0.72 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
ELTEK (EK1.BE) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 0.760 and 0.750 that was broken down at 0.740 transforming into a resistance line.
ELTEK (EK1.BE) Mid term stock chart patterns for internet stock trading :

5- The Stock traded in a bearish stock channel identifed by support at 0.750 and 0.820,resistance between 0.820 and 0.910, the stock channel is currently supported from below by 0.653 and resisted from above by 0.760.
ELTEK (EK1.BE) Long term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 0.750 and 0.820,resistance between 0.820 and 0.910, the stock channel is currently supported from below by 0.653 and resisted from above by 0.760.

Stock Trading Conclusion:
ELTEK (EK1.BE) was trading in a bearish wave, which is becoming stronger .
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 : 0.744, 0.758, 0.770, 0.780, 0.782, 0.820.
Stock Support levels :.