Today we will analyze the stock HITACHI LIMITED ADR (HIT.BA) for internet stock trading in the BA stock market,
Stock Technical indicators to notice in HITACHI LIMITED ADR (HIT.BA)
1- Last bullish trend was from 19.45 $ (6/4/2010) to 30.70 $ (6/17/2011) a 11.25 $ move 2- The current bearish trend started from 30.70 $ at 6/17/2011 and is currently trading at 28.40 $.
3- HIT.BA current support level is at 28.05 which is the 23.60 % fibonacci retracement of the last 11.25 $ move.
4- HIT.BA current resistance level is at 30.70 which is the 0.00 % fibonacci retracement of the last 11.25 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
HITACHI LIMITED ADR (HIT.BA) Short term stock chart patterns for internet stock trading :

None.
HITACHI LIMITED ADR (HIT.BA) Mid term stock chart patterns for internet stock trading :

None.
HITACHI LIMITED ADR (HIT.BA) Long term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 28.400 and 28.550 that was broken up at 28.400 transforming into a supporting line.

Stock Trading Conclusion:
HITACHI LIMITED ADR (HIT.BA) 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 : 28.94, 29.28, 29.55, 29.82, 30.70,.
Stock Support levels : 28.05, 26.40, 25.08, 23.75, 19.45, 16.39, 12.50,.