Today we will analyze the stock PHONAK HLDG N (PHBN.SW) for internet stock trading in the SW stock market,
Stock Technical indicators to notice in PHONAK HLDG N (PHBN.SW)
1- Last bearish trend was from 121.00 $ (7/20/2007) to 111.90 $ (7/30/2007) a 9.10 $ move 2- The current bullish trend started from 111.90 $ at 7/30/2007 and is currently trading at 114.10 $.
3- PHBN.SW current support level is at 114.05 which is the 23.60 % fibonacci retracement of the last 9.10 $ move.
4- PHBN.SW current resistance level is at 115.38 which is the 38.20 % fibonacci retracement of the last 9.10 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
PHONAK HLDG N (PHBN.SW) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 111.900 and 110.000,resistance between 121.000 and 118.900, the stock channel is currently supported from below by 112.171 and resisted from above by 121.787.
PHONAK HLDG N (PHBN.SW) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 110.000 and 87.420 that was broken down at 114.700 transforming into a resistance line.
PHONAK HLDG N (PHBN.SW) Long term stock chart patterns for internet stock trading :


Stock Trading Conclusion:
PHONAK HLDG N (PHBN.SW) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 115.38, 116.45, 117.04, 117.52, 121.00, 123.48, 126.62.
Stock Support levels : 114.05, 113.58, 113.26, 113.00, 112.74, 111.90,.