Today we will analyze the stock FOOT LOCKER (FL.SW) for internet stock trading in the SW stock market,
Stock Technical indicators to notice in FOOT LOCKER (FL.SW)
1- Last bearish trend was from 17.00 $ (9/7/2010) to 13.15 $ (9/9/2010) a 3.85 $ move 2- The current bullish trend started from 13.15 $ at 9/9/2010 and is currently trading at 18.45 $.
3- FL.SW current support level is at 18.05 which is the 127.20 % fibonacci retracement of the last 3.85 $ move.
4- FL.SW current resistance level is at 19.38 which is the 161.80 % fibonacci retracement of the last 3.85 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
FOOT LOCKER (FL.SW) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 17.000 that failed, and formed a support .
7- The Stock was supported by a support line, identified by two points: 13.150 and 12.750, and is currently supporting at 18.083.
FOOT LOCKER (FL.SW) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 17.000 that failed, and formed a support .
9- The Stock was supported by a support line, identified by two points: 13.150 and 12.750, and is currently supporting at 18.083.
FOOT LOCKER (FL.SW) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Top Pattern at 17.000 that failed, and formed a support .
11- The Stock was supported by a support line, identified by two points: 13.150 and 12.750, and is currently supporting at 18.083.

Stock Trading Conclusion:
FOOT LOCKER (FL.SW) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 19.38.
Stock Support levels : 18.08, 18.05, 17.20, 17.00, 16.43, 15.80, 15.53, 15.17, 15.07, 14.62, 14.06, 13.15,.