Today we will analyze the stock IBM (IBM.SW) for internet stock trading in the SW stock market,
Stock Technical indicators to notice in IBM (IBM.SW)
1- Last bullish trend was from 93.60 $ (11/13/2008) to 98.30 $ (11/14/2008) a 4.70 $ move 2- The current bearish trend started from 98.30 $ at 11/14/2008 and is currently trading at 91.00 $.
3- IBM.SW current support level is at 90.70 which is the 161.80 % fibonacci retracement of the last 4.70 $ move.
4- IBM.SW current resistance level is at 92.32 which is the 127.20 % fibonacci retracement of the last 4.70 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
IBM (IBM.SW) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 15.650 $ height triangle which was broken down at 91.000, target of the pattern is 75.350.
IBM (IBM.SW) Mid term stock chart patterns for internet stock trading :

None.
IBM (IBM.SW) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 108.300 and 109.600, and is currently resisting at 107.093.

Stock Trading Conclusion:
IBM (IBM.SW) 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 : 92.32, 92.72, 93.60, 93.79, 93.97, 94.65, 95.40, 95.51, 95.95, 96.50, 97.19, 98.30, 107.09.
Stock Support levels : 90.70,.