Today we will analyze the index Tel Aviv 100 Israel (TA100) for internet stock trading in the INDICES stock market,
Stock Technical indicators to notice in Tel Aviv 100 Israel (TA100)
1- Last bullish trend was from 977.09 $ (2/28/2012) to 1,066.92 $ (5/3/2012) a 89.83 $ move 2- The current bearish trend started from 1,066.92 $ at 5/3/2012 and is currently trading at 1,034.31 $.
3- TA100 current support level is at 1,032.60 which is the 38.20 % fibonacci retracement of the last 89.83 $ move.
4- TA100 current resistance level is at 1,045.72 which is the 23.60 % fibonacci retracement of the last 89.83 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Tel Aviv 100 Israel (TA100) Short term stock chart patterns for internet stock trading :

6- The Index was supported by a support line, identified by two points: 977.090 and 966.470, and is currently supporting at 986.252.
Tel Aviv 100 Israel (TA100) Mid term stock chart patterns for internet stock trading :

7- The Index was supported by a support line, identified by two points: 927.550 and 899.020, and is currently supporting at 991.287.
Tel Aviv 100 Israel (TA100) Long term stock chart patterns for internet stock trading :

8- The Index formed a 348.780 $ height triangle which was broken up at 1,010.890 in higher than usual volume, target of the pattern is 1,359.670.

Stock Trading Conclusion:
Tel Aviv 100 Israel (TA100) 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 : 1,042.01, 1,045.72, 1,046.77, 1,050.61, 1,054.46, 1,066.92, 1,359.67.
Stock Support levels : 1,032.60, 1,022.01, 1,011.41, 991.29, 986.25, 977.09, 952.66, 922.74,.