Today we will analyze the index NASDAQ Biotechnology USA (NBI) for internet stock trading in the INDICES stock market,
Stock Technical indicators to notice in NASDAQ Biotechnology USA (NBI)
1- Last bullish trend was from 2,474.97 $ (2/6/2014) to 2,854.26 $ (2/25/2014) a 379.29 $ move 2- The current bearish trend started from 2,854.26 $ at 2/25/2014 and is currently trading at 2,722.30 $.
3- NBI current support level is at 2,709.37 which is the 38.20 % fibonacci retracement of the last 379.29 $ move.
4- NBI current resistance level is at 2,764.75 which is the 23.60 % fibonacci retracement of the last 379.29 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
NASDAQ Biotechnology USA (NBI) Short term stock chart patterns for internet stock trading :

None.
NASDAQ Biotechnology USA (NBI) Mid term stock chart patterns for internet stock trading :

6- The Index traded in a bullish stock channel identifed by support at 2,474.970 and 2,065.450,resistance between 2,647.610 and 2,211.110, the stock channel is currently supported from below by 2,615.952 and resisted from above by 2,892.663.
NASDAQ Biotechnology USA (NBI) Long term stock chart patterns for internet stock trading :

7- The Index traded in a bullish stock channel identifed by support at 2,028.180 and 1,750.550,resistance between 2,232.520 and 1,943.930 which was broken up at 2,572.510.

Stock Trading Conclusion:
NASDAQ Biotechnology USA (NBI) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 2,753.44, 2,764.75, 2,772.71, 2,788.28, 2,803.85, 2,854.26,.
Stock Support levels : 2,709.37, 2,664.61, 2,619.86, 2,556.81, 2,474.97, 2,371.80,.