Today we will analyze the stock ACORN INCOME FD (AIF.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in ACORN INCOME FD (AIF.L)
1- Last bullish trend was from 183.60 $ (4/11/2012) to 189.80 $ (4/17/2012) a 6.20 $ move 2- The current bearish trend started from 189.80 $ at 4/17/2012 and is currently trading at 183.00 $.
3- AIF.L current support level is at 181.91 which is the 127.20 % fibonacci retracement of the last 6.20 $ move.
4- AIF.L current resistance level is at 183.60 which is the 100.00 % fibonacci retracement of the last 6.20 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
ACORN INCOME FD (AIF.L) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 18.500 $ height triangle which was broken up at 187.800 in higher than usual volume, target of the pattern is 206.300 which was broken down at 183.540 in higher than usual volume, target of the pattern is 165.040.
ACORN INCOME FD (AIF.L) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 180.000 and 150.500 that was broken down at 186.000 transforming into a resistance line.
ACORN INCOME FD (AIF.L) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 189.000 and 209.900 that was broken up at 156.400 transforming into a supporting line.

Stock Trading Conclusion:
ACORN INCOME FD (AIF.L) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 183.60, 184.60, 185.60, 185.97, 186.15, 186.40, 186.70, 187.20, 187.43, 188.34, 189.80, 198.05, 206.30.
Stock Support levels : 181.91, 180.38, 179.77, 165.04,.