Today we will analyze the stock FOREST LABORATORIES (FQX.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in FOREST LABORATORIES (FQX.DE)
1- Last bearish trend was from 24.00 $ (4/1/2010) to 21.00 $ (4/21/2010) a 3.00 $ move 2- The current bullish trend started from 21.00 $ at 4/21/2010 and is currently trading at 23.33 $.
3- FQX.DE current support level is at 22.85 which is the 61.80 % fibonacci retracement of the last 3.00 $ move.
4- FQX.DE current resistance level is at 24.00 which is the 100.00 % fibonacci retracement of the last 3.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
FOREST LABORATORIES (FQX.DE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 21.000 and 19.800 that was broken down at 23.100 transforming into a resistance line.
FOREST LABORATORIES (FQX.DE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 9.400 $ height triangle which was broken up at 22.950, target of the pattern is 32.350 which was broken down at 22.950, target of the pattern is 13.550.
FOREST LABORATORIES (FQX.DE) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 9.400 $ height triangle which was broken up at 22.950, target of the pattern is 32.350 which was broken down at 22.950, target of the pattern is 13.550.

Stock Trading Conclusion:
FOREST LABORATORIES (FQX.DE) was trading in a bullish wave, which is becoming weaker .
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 : 23.40, 24.00, 24.82, 25.67, 25.85, 32.35,.
Stock Support levels : 22.85, 22.78, 22.50, 22.44, 22.17, 22.15, 21.89, 21.86, 21.71, 21.00, 13.55,.