Today we will analyze the index CAC 40 France (FCHI) for internet stock trading in the INDICES stock market,
Stock Technical indicators to notice in CAC 40 France (FCHI)
1- Last bullish trend was from 3,098.37 $ (4/23/2012) to 3,266.27 $ (4/27/2012) a 167.90 $ move 2- The current bearish trend started from 3,266.27 $ at 4/27/2012 and is currently trading at 3,118.65 $.
3- FCHI current support level is at 3,098.37 which is the 100.00 % fibonacci retracement of the last 167.90 $ move.
4- FCHI current resistance level is at 3,162.51 which is the 61.80 % fibonacci retracement of the last 167.90 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
CAC 40 France (FCHI) Short term stock chart patterns for internet stock trading :

6- The Index was resisted by a resistance line, identified by two points: 3,266.270 and 3,292.510, and is currently resisting at 3,243.310.
CAC 40 France (FCHI) Mid term stock chart patterns for internet stock trading :

7- The Index was supported by a support line, identified by two points: 2,972.300 and 2,822.250 that was broken down at 3,577.880 transforming into a resistance line.
CAC 40 France (FCHI) Long term stock chart patterns for internet stock trading :

8- The Index was supported by a support line, identified by two points: 2,822.250 and 2,781.680, and is currently supporting at 2,925.929.

Stock Trading Conclusion:
CAC 40 France (FCHI) was trading in a strong 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 : 3,153.49, 3,162.51, 3,175.04, 3,182.32, 3,192.46, 3,202.13, 3,209.88, 3,226.65, 3,243.31, 3,266.27, 3,900.73.
Stock Support levels : 3,098.37, 3,052.70, 2,994.61,.