Today we will analyze the stock TELEKOM AUSTRIA (TA1.HM) for internet stock trading in the HM stock market,
Stock Technical indicators to notice in TELEKOM AUSTRIA (TA1.HM)
1- Last bullish trend was from 8.33 $ (3/19/2012) to 8.76 $ (3/28/2012) a 0.43 $ move 2- The current bearish trend started from 8.76 $ at 3/28/2012 and is currently trading at 8.18 $.
3- TA1.HM current support level is at 8.06 which is the 161.80 % fibonacci retracement of the last 0.43 $ move.
4- TA1.HM current resistance level is at 8.21 which is the 127.20 % fibonacci retracement of the last 0.43 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
TELEKOM AUSTRIA (TA1.HM) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 8.760 .
TELEKOM AUSTRIA (TA1.HM) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 9.160 .
8- The Stock formed a 1.570 $ height triangle which was broken down at 8.960, target of the pattern is 7.390.
TELEKOM AUSTRIA (TA1.HM) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bullish stock channel identifed by support at 7.630 and 6.910,resistance between 9.200 and 8.540 which was broken down at 8.700.

Stock Trading Conclusion:
TELEKOM AUSTRIA (TA1.HM) 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 : 8.21, 8.32, 8.33, 8.40, 8.47, 8.49, 8.54, 8.55, 8.60, 8.66, 8.71, 8.73, 8.75, 8.76, 9.01, 9.52, 11.16.
Stock Support levels : 8.06,.