Today we’ll analyze the stock Bottomline Technologies (EPAY) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Bottomline Technologies (EPAY)
1- Last bearish trend was from 6.88$ (12/19/2008) to 6.17$ (12/29/2008) a 0.71$ move
2- The current bullish trend started from 6.17$ at 12/29/2008 and is currently trading at 7.15$.

3- EPAY current support level is at 7.07 which is the 127.20% fibonacci retracement of the last 0.71$ move.
4- EPAY current resistance level is at 7.32 which is the 161.80% fibonacci retracement of the last 0.71$ move.
5- According to ADX Indicator, the trend is currently 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.
Bottomline Technologies (EPAY) Short term stock chart patterns for internet stock trading :

None.
Bottomline Technologies (EPAY) Mid term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 6.17 and 5.85, resistance between 6.88 and 6.66 which was broken up at 7.14 in higher than usual volume.
Bottomline Technologies (EPAY) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 6.17 and 5.85, resistance between 6.88 and 6.66 which was broken up at 7.14 in higher than usual volume.

Stock Trading Conclusion:
Bottomline Technologies (EPAY) was trading in a 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.
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Stock Resistance Levels : 7.32, 12.02, 12.68, 12.95, 13.41, 14.01.
Stock Support levels : 7.10, 7.07, 6.92, 6.88, 6.78, 6.66, 6.61, 6.54, 6.53, 6.44, 6.34, 6.17,.