Today we will analyze the stock ERICSSON -B- (ERI.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in ERICSSON -B- (ERI.L)
1- Last bearish trend was from 713.28 $ (11/14/2007) to 142.66 $ (5/30/2008) a 570.62 $ move 2- The current bullish trend started from 142.66 $ at 5/30/2008 and is currently trading at 713.28 $.
3- ERI.L current support level is at 713.28 which is the 100.00 % fibonacci retracement of the last 570.62 $ move.
4- ERI.L current resistance level is at 868.49 which is the 127.20 % fibonacci retracement of the last 570.62 $ move.
5- According to ADX Indicator, the trend is currently bullish, 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.
ERICSSON -B- (ERI.L) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 142.660 and 119.970, and is currently supporting at 143.004.
ERICSSON -B- (ERI.L) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 142.660 and 119.970, and is currently supporting at 143.004.
ERICSSON -B- (ERI.L) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 142.660 and 119.970, and is currently supporting at 143.004.

Stock Trading Conclusion:
ERICSSON -B- (ERI.L) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 868.49, 1,065.92.
Stock Support levels : 578.61, 495.30, 495.30, 427.97, 427.97, 360.64, 360.64, 277.33, 143.00, 142.66,.