Today we will analyze the stock ELAN ADR (ELAD.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in ELAN ADR (ELAD.L)
1- Last bearish trend was from 1,165.00 $ (10/16/2007) to 1,105.00 $ (10/18/2007) a 60.00 $ move 2- The current bullish trend started from 1,105.00 $ at 10/18/2007 and is currently trading at 1,134.00 $.
3- ELAD.L current support level is at 1,127.92 which is the 38.20 % fibonacci retracement of the last 60.00 $ move.
4- ELAD.L current resistance level is at 1,135.00 which is the 50.00 % fibonacci retracement of the last 60.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
ELAN ADR (ELAD.L) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1,105.000 and 927.500 that was broken down at 1,134.000 transforming into a resistance line.
ELAN ADR (ELAD.L) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 927.500 and 878.000, and is currently supporting at 1,004.500.
ELAN ADR (ELAD.L) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 980.500 and 1,125.000 that was broken up at 970.500 transforming into a supporting line.

Stock Trading Conclusion:
ELAN ADR (ELAD.L) was trading in a bullish 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 : 1,135.00, 1,142.08, 1,153.41, 1,165.00, 1,181.32, 1,202.08.
Stock Support levels : 1,127.92, 1,127.16, 1,122.92, 1,119.50, 1,119.16, 1,116.08, 1,105.00, 1,004.50, 925.68, 923.41,.