Today we will analyze the stock GILAT SATCOM (GLT.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in GILAT SATCOM (GLT.L)
1- Last bullish trend was from 86.40 $ (5/7/2008) to 91.00 $ (5/21/2008) a 4.60 $ move 2- The current bearish trend started from 91.00 $ at 5/21/2008 and is currently trading at 88.50 $.
3- GLT.L current support level is at 88.16 which is the 61.80 % fibonacci retracement of the last 4.60 $ move.
4- GLT.L current resistance level is at 88.70 which is the 50.00 % fibonacci retracement of the last 4.60 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
GILAT SATCOM (GLT.L) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 10.500 $ height triangle which was broken down at 88.500, target of the pattern is 78.000.
GILAT SATCOM (GLT.L) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 92.000 and 105.000 that was broken up at 88.500 transforming into a supporting line.
GILAT SATCOM (GLT.L) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
GILAT SATCOM (GLT.L) was trading in a bearish wave, which is becoming stronger .
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 : 88.70, 89.09, 89.24, 89.46, 89.75, 89.91, 90.04, 91.00, 99.35.
Stock Support levels : 88.16, 86.40, 85.15, 83.56, 81.49,.