Today we will analyze the stock Apple Inc. (AAPL) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Apple Inc. (AAPL)
1- Last bearish trend was from 264.08 $ (7/27/2010) to 239.93 $ (8/24/2010) a 24.15 $ move 2- The current bullish trend started from 239.93 $ at 8/24/2010 and is currently trading at 250.33 $.
3- AAPL current support level is at 249.16 which is the 38.20 % fibonacci retracement of the last 24.15 $ move.
4- AAPL current resistance level is at 252.00 which is the 50.00 % fibonacci retracement of the last 24.15 $ move.
5- According to ADX Indicator, the trend is currently 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.
Apple Inc. (AAPL) Short term stock chart patterns for internet stock trading :

None.
Apple Inc. (AAPL) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 30.870 $ height triangle.
Apple Inc. (AAPL) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 237.760 and 235.860 that was broken down at 249.880 transforming into a resistance line.

Stock Trading Conclusion:
Apple Inc. (AAPL) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 252.00, 252.96, 254.85, 264.08, 270.65, 279.00.
Stock Support levels : 249.16, 247.88, 246.36, 245.63, 245.13, 243.90, 239.93,.