Today we will analyze the stock AMERICAN ELECTRIC TE (AETI) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in AMERICAN ELECTRIC TE (AETI)
1- Last bullish trend was from 4.45 $ (4/27/2012) to 4.69 $ (5/3/2012) a 0.24 $ move 2- The current bearish trend started from 4.69 $ at 5/3/2012 and is currently trading at 4.55 $.
3- AETI current support level is at 4.54 which is the 61.80 % fibonacci retracement of the last 0.24 $ move.
4- AETI current resistance level is at 4.57 which is the 50.00 % fibonacci retracement of the last 0.24 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
6- Bearish Divergance in MACD Indicator .
AMERICAN ELECTRIC TE (AETI) Short term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 4.690 and 4.880, and is currently resisting at 4.581.
AMERICAN ELECTRIC TE (AETI) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 4.400 and 4.350, and is currently supporting at 4.547.
AMERICAN ELECTRIC TE (AETI) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 2.410 $ height triangle which was broken down at 4.450 in higher than usual volume, target of the pattern is 2.040.

Stock Trading Conclusion:
AMERICAN ELECTRIC TE (AETI) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 4.57, 4.58, 4.58, 4.60, 4.60, 4.62, 4.63, 4.64, 4.69, 4.93.
Stock Support levels : 4.55, 4.54, 4.45, 4.38, 4.30,.