Today we will analyze the stock INT.BUSINESS MACHINES COR (IBM.BA) for internet stock trading in the BA stock market,
Stock Technical indicators to notice in INT.BUSINESS MACHINES COR (IBM.BA)
1- Last bullish trend was from 83.35 $ (11/29/2011) to 90.50 $ (12/2/2011) a 7.15 $ move 2- The current bearish trend started from 90.50 $ at 12/2/2011 and is currently trading at 88.40 $.
3- IBM.BA current support level is at 87.77 which is the 38.20 % fibonacci retracement of the last 7.15 $ move.
4- IBM.BA current resistance level is at 88.81 which is the 23.60 % fibonacci retracement of the last 7.15 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
INT.BUSINESS MACHINES COR (IBM.BA) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 14.450 $ height triangle which was broken up at 87.550, target of the pattern is 102.000.
INT.BUSINESS MACHINES COR (IBM.BA) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 83.350 and 78.300, and is currently supporting at 88.400.
INT.BUSINESS MACHINES COR (IBM.BA) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 35.000 and 27.700,resistance between 92.750 and 46.350, the stock channel is currently supported from below by 75.703 and resisted from above by 95.096.

Stock Trading Conclusion:
INT.BUSINESS MACHINES COR (IBM.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 : 88.81, 88.90, 89.20, 89.45, 89.70, 90.50, 102.00.
Stock Support levels : 88.40, 87.77, 86.93, 86.08, 86.00, 83.35, 81.41,.