Today we will analyze the stock Google Inc. (GOOG) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Google Inc. (GOOG)
1- Last bearish trend was from 668.28 $ (1/4/2012) to 568.10 $ (1/26/2012) a 100.18 $ move 2- The current bullish trend started from 568.10 $ at 1/26/2012 and is currently trading at 596.33 $.
3- GOOG current support level is at 591.74 which is the 23.60 % fibonacci retracement of the last 100.18 $ move.
4- GOOG current resistance level is at 606.37 which is the 38.20 % fibonacci retracement of the last 100.18 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Google Inc. (GOOG) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 568.100 and 563.000, and is currently supporting at 568.846.
Google Inc. (GOOG) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 563.000 and 495.520,resistance between 668.280 and 616.560 which was broken down at 585.990 in higher than usual volume.
Google Inc. (GOOG) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 495.520 and 490.920, and is currently supporting at 508.553.

Stock Trading Conclusion:
Google Inc. (GOOG) was trading in a strong bearish wave, which is becoming weaker .
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 : 606.37, 618.19, 630.01, 646.46, 668.28, 695.53, 730.19.
Stock Support levels : 591.74, 589.67, 585.55, 582.21, 578.88, 568.85, 568.10,.