Today we will analyze the stock LAXEY IT (LAX.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in LAXEY IT (LAX.L)
1- Last bearish trend was from 96.50 $ (9/15/2008) to 85.00 $ (9/22/2008) a 11.50 $ move 2- The current bullish trend started from 85.00 $ at 9/22/2008 and is currently trading at 90.50 $.
3- LAX.L current support level is at 89.39 which is the 38.20 % fibonacci retracement of the last 11.50 $ move.
4- LAX.L current resistance level is at 90.75 which is the 50.00 % fibonacci retracement of the last 11.50 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
LAXEY IT (LAX.L) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 85.000 .
LAXEY IT (LAX.L) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 85.000 .
8- The Stock formed a 19.900 $ height triangle which was broken up at 90.500, target of the pattern is 110.400.
LAXEY IT (LAX.L) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 96.500 and 104.900 that was broken up at 90.500 transforming into a supporting line.

Stock Trading Conclusion:
LAXEY IT (LAX.L) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , 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 : 90.75, 92.11, 96.50, 99.63, 103.61, 110.40.
Stock Support levels : 89.39, 89.20, 88.40, 87.75, 87.71, 87.10, 86.16, 85.00,.