Today we will analyze the stock HEWLETT-PACKARD (HEW.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in HEWLETT-PACKARD (HEW.L)
1- Last bullish trend was from 2,383.00 $ (9/7/2007) to 2,600.00 $ (10/10/2007) a 217.00 $ move 2- The current bearish trend started from 2,600.00 $ at 10/10/2007 and is currently trading at 2,286.52 $.
3- HEW.L current support level is at 2,248.89 which is the 161.80 % fibonacci retracement of the last 217.00 $ move.
4- HEW.L current resistance level is at 2,323.98 which is the 127.20 % fibonacci retracement of the last 217.00 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
HEWLETT-PACKARD (HEW.L) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2,383.000 and 2,310.000 that was broken down at 2,575.500 transforming into a resistance line.
HEWLETT-PACKARD (HEW.L) Mid term stock chart patterns for internet stock trading :

None.
HEWLETT-PACKARD (HEW.L) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
HEWLETT-PACKARD (HEW.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 : 2,323.98, 2,360.50, 2,383.00, 2,406.27, 2,443.26, 2,465.89, 2,480.25, 2,491.50, 2,517.11, 2,548.79, 2,600.00, 2,683.11.
Stock Support levels : 2,248.89.