Today we will analyze the stock HERSHEY (HSY.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in HERSHEY (HSY.BE)
1- Last bearish trend was from 38.60 $ (3/11/2011) to 37.19 $ (3/15/2011) a 1.41 $ move 2- The current bullish trend started from 37.19 $ at 3/15/2011 and is currently trading at 38.41 $.
3- HSY.BE current support level is at 38.06 which is the 61.80 % fibonacci retracement of the last 1.41 $ move.
4- HSY.BE current resistance level is at 38.60 which is the 100.00 % fibonacci retracement of the last 1.41 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
HERSHEY (HSY.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 37.190 and 33.870 that was broken down at 38.450 transforming into a resistance line.
HERSHEY (HSY.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 33.870 .
HERSHEY (HSY.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 33.870 .
9- The Stock formed a 8.970 $ height triangle which was broken up at 37.450, target of the pattern is 46.420.

Stock Trading Conclusion:
HERSHEY (HSY.BE) was trading in a bullish 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 : 38.60, 38.98, 39.37, 39.47, 46.42.
Stock Support levels : 38.12, 38.06, 37.94, 37.89, 37.80, 37.73, 37.66, 37.52, 37.19, 35.23, 33.89,.