Today we will analyze the stock ILLUMINA (ILU.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in ILLUMINA (ILU.MU)
1- Last bearish trend was from 40.09 $ (4/12/2012) to 32.78 $ (4/25/2012) a 7.31 $ move 2- The current bullish trend started from 32.78 $ at 4/25/2012 and is currently trading at 34.38 $.
3- ILU.MU current support level is at 32.78 which is the 0.00 % fibonacci retracement of the last 7.31 $ move.
4- ILU.MU current resistance level is at 34.51 which is the 23.60 % fibonacci retracement of the last 7.31 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
ILLUMINA (ILU.MU) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 40.090 and 41.640, and is currently resisting at 39.437.
ILLUMINA (ILU.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 40.090 and 41.640, and is currently resisting at 39.437.
ILLUMINA (ILU.MU) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 20.240 and 19.140, and is currently supporting at 22.715.

Stock Trading Conclusion:
ILLUMINA (ILU.MU) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 34.51, 35.57, 36.43, 37.30, 39.44, 40.09, 41.81, 42.08, 44.61.
Stock Support levels : 34.00, 33.77, 33.58, 33.39, 32.78,.