Today we will analyze the stock TECH DATA CORP (TDT.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in TECH DATA CORP (TDT.MU)
1- Last bullish trend was from 39.90 $ (4/11/2012) to 41.40 $ (4/18/2012) a 1.50 $ move 2- The current bearish trend started from 41.40 $ at 4/18/2012 and is currently trading at 39.94 $.
3- TDT.MU current support level is at 39.90 which is the 100.00 % fibonacci retracement of the last 1.50 $ move.
4- TDT.MU current resistance level is at 40.47 which is the 61.80 % fibonacci retracement of the last 1.50 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
TECH DATA CORP (TDT.MU) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 39.900 .
8- The Stock formed a 2.030 $ height triangle.
TECH DATA CORP (TDT.MU) Mid term stock chart patterns for internet stock trading :

9- The Stock traded in a bullish stock channel identifed by support at 32.530 and 31.520,resistance between 43.030 and 34.860 which was broken down at 41.200.
TECH DATA CORP (TDT.MU) Long term stock chart patterns for internet stock trading :

10- The Stock was supported by a support line, identified by two points: 31.520 and 27.640 that was broken down at 39.920 transforming into a resistance line.

Stock Trading Conclusion:
TECH DATA CORP (TDT.MU) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 40.28, 40.47, 40.50, 40.65, 40.67, 40.83, 40.84, 41.05, 41.40, 44.14, 46.07.
Stock Support levels : 39.90, 39.90, 39.89, 39.49,.