Today we will analyze the stock SUNOCO (XS6.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in SUNOCO (XS6.MU)
1- Last bearish trend was from 29.75 $ (4/10/2012) to 28.82 $ (4/11/2012) a 0.93 $ move 2- The current bullish trend started from 28.82 $ at 4/11/2012 and is currently trading at 38.52 $.
3- 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.
SUNOCO (XS6.MU) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 2.190 $ height triangle which was broken up at 29.440, target of the pattern is 31.630.
SUNOCO (XS6.MU) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Top Pattern at 30.700 that failed, and formed a support .
SUNOCO (XS6.MU) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 28.510 and 22.920, and is currently supporting at 29.522.

Stock Trading Conclusion:
SUNOCO (XS6.MU) was trading in a strong bullish 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 : .
Stock Support levels : 36.23, 34.81, 33.67, 32.53, 30.81, 29.52, 28.82,.