Today we will analyze the index ATX Austria (ATX) for internet stock trading in the INDICES stock market,
Stock Technical indicators to notice in ATX Austria (ATX)
1- Last bearish trend was from 2,683.13 $ (2/25/2014) to 2,494.38 $ (3/3/2014) a 188.75 $ move 2- The current bullish trend started from 2,494.38 $ at 3/3/2014 and is currently trading at 2,509.20 $.
3- ATX current support level is at 2,494.38 which is the 0.00 % fibonacci retracement of the last 188.75 $ move.
4- ATX current resistance level is at 2,538.92 which is the 23.60 % fibonacci retracement of the last 188.75 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
ATX Austria (ATX) Short term stock chart patterns for internet stock trading :

6- The Index traded in a bearish stock channel identifed by support at 2,494.380 and 2,520.240,resistance between 2,683.130 and 2,729.070, the stock channel is currently supported from below by 2,487.575 and resisted from above by 2,668.873.
ATX Austria (ATX) Mid term stock chart patterns for internet stock trading :

7- The Index formed a 281.590 $ height triangle which was broken down at 2,542.370, target of the pattern is 2,260.780.
ATX Austria (ATX) Long term stock chart patterns for internet stock trading :

8- The Index traded in a bullish stock channel identifed by support at 2,170.860 and 1,855.450,resistance between 2,548.840 and 2,248.810, the stock channel is currently supported from below by 2,398.728 and resisted from above by 2,857.621.

Stock Trading Conclusion:
ATX Austria (ATX) was trading in a bearish wave, which is becoming stronger .
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 : 2,538.92, 2,566.48, 2,580.46, 2,588.75, 2,611.03, 2,683.13, 2,734.47, 2,799.78.
Stock Support levels : 2,505.70, 2,503.54, 2,501.79, 2,500.04, 2,494.38,.