Today we will analyze the stock AIM DISTRIBUTION TR (AMD.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in AIM DISTRIBUTION TR (AMD.L)
1- Last bearish trend was from 43.79 $ (8/15/2008) to 40.00 $ (8/28/2008) a 3.79 $ move 2- The current bullish trend started from 40.00 $ at 8/28/2008 and is currently trading at 42.00 $.
3- AMD.L current support level is at 41.90 which is the 50.00 % fibonacci retracement of the last 3.79 $ move.
4- AMD.L current resistance level is at 42.34 which is the 61.80 % fibonacci retracement of the last 3.79 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
6- Bullish Divergance in MACD Indicator .
AIM DISTRIBUTION TR (AMD.L) Short term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 43.790 and 47.900 that was broken up at 42.000 transforming into a supporting line.
AIM DISTRIBUTION TR (AMD.L) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 47.900 .
9- The Stock formed a 4.000 $ height triangle which was broken down at 46.000, target of the pattern is 42.000.
AIM DISTRIBUTION TR (AMD.L) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
AIM DISTRIBUTION TR (AMD.L) was trading in a strong 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 : 42.34, 43.79, 44.82, 46.13, 47.32, 47.54, 48.31.
Stock Support levels : 41.90, 41.53, 41.45, 41.42, 41.24, 41.00, 40.89, 40.76, 40.00,.