Today we will analyze the stock ECLEC INVES TRS (ECIT.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in ECLEC INVES TRS (ECIT.L)
1- Last bullish trend was from 90.00 $ (12/17/2010) to 100.50 $ (12/22/2010) a 10.50 $ move 2- The current bearish trend started from 100.50 $ at 12/22/2010 and is currently trading at 90.00 $.
3- ECIT.L current support level is at 87.14 which is the 127.20 % fibonacci retracement of the last 10.50 $ move.
4- ECIT.L current resistance level is at 90.00 which is the 100.00 % fibonacci retracement of the last 10.50 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
ECLEC INVES TRS (ECIT.L) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 90.000 and 83.000,resistance between 100.500 and 94.500 which was broken down at 98.500.
ECLEC INVES TRS (ECIT.L) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 83.000 and 77.100 that was broken down at 98.500 transforming into a resistance line.
ECLEC INVES TRS (ECIT.L) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 83.000 and 77.100 that was broken down at 98.500 transforming into a resistance line.

Stock Trading Conclusion:
ECLEC INVES TRS (ECIT.L) was trading in a strong bearish wave, which is becoming weaker .
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 : 92.48, 94.01, 95.25, 96.49, 98.02, 100.50, 101.88, 111.00.
Stock Support levels : 87.14,.