Today we will analyze the stock CRAY (TE4A.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in CRAY (TE4A.MU)
1- Last bullish trend was from 5.20 $ (4/23/2012) to 8.69 $ (5/3/2012) a 3.49 $ move 2- The current bearish trend started from 8.69 $ at 5/3/2012 and is currently trading at 8.39 $.
3- TE4A.MU current support level is at 7.87 which is the 23.60 % fibonacci retracement of the last 3.49 $ move.
4- TE4A.MU current resistance level is at 8.69 which is the 0.00 % fibonacci retracement of the last 3.49 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
CRAY (TE4A.MU) Short term stock chart patterns for internet stock trading :

None.
CRAY (TE4A.MU) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 5.200 and 4.230, and is currently supporting at 5.286.
CRAY (TE4A.MU) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 5.200 and 3.900, and is currently supporting at 5.304.

Stock Trading Conclusion:
CRAY (TE4A.MU) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 8.46, 8.50, 8.54, 8.58, 8.69,.
Stock Support levels : 7.87, 7.36, 6.94, 6.53, 5.30, 5.29, 5.20, 4.25,.