Today we will analyze the stock TELIK (TK8.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in TELIK (TK8.F)
1- Last bullish trend was from 0.09 $ (1/25/2012) to 0.11 $ (2/2/2012) a 0.02 $ move 2- The current bearish trend started from 0.11 $ at 2/2/2012 and is currently trading at 0.10 $.
3- TK8.F current support level is at 0.10 which is the 61.80 % fibonacci retracement of the last 0.02 $ move.
4- TK8.F current resistance level is at 0.10 which is the 50.00 % fibonacci retracement of the last 0.02 $ 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.
TELIK (TK8.F) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.090 .
TELIK (TK8.F) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.090 .
TELIK (TK8.F) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.090 .

Stock Trading Conclusion:
TELIK (TK8.F) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 0.102, 0.104, 0.105, 0.105, 0.106, 0.110,.
Stock Support levels : 0.098, 0.090, 0.085,.