Today we will analyze the stock ADDVANTAGE TECHS GRP (AEY) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in ADDVANTAGE TECHS GRP (AEY)
1- Last bullish trend was from 2.40 $ (5/2/2012) to 2.48 $ (5/7/2012) a 0.08 $ move 2- The current bearish trend started from 2.48 $ at 5/7/2012 and is currently trading at 2.37 $.
3- AEY current support level is at 2.35 which is the 161.80 % fibonacci retracement of the last 0.08 $ move.
4- AEY current resistance level is at 2.38 which is the 127.20 % fibonacci retracement of the last 0.08 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
ADDVANTAGE TECHS GRP (AEY) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.140 $ height triangle which was broken down at 2.370, target of the pattern is 2.230.
ADDVANTAGE TECHS GRP (AEY) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 2.310 and 2.080 that was broken down at 2.480 transforming into a resistance line.
ADDVANTAGE TECHS GRP (AEY) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 2.080 .
9- The Stock formed Double Top Pattern at 2.340 that failed, and formed a support .
10- The Stock formed a 0.280 $ height triangle which was broken up at 2.350, target of the pattern is 2.630.

Stock Trading Conclusion:
ADDVANTAGE TECHS GRP (AEY) was trading in a strong bearish 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 : 2.38, 2.40, 2.40, 2.41, 2.42, 2.42, 2.43, 2.44, 2.44, 2.45, 2.46, 2.48, 2.63, 2.79.
Stock Support levels : 2.35, 2.30, 2.23,.