Today we will analyze the stock Imclone Systems Incorporated (IMCL) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Imclone Systems Incorporated (IMCL)
1- Last bearish trend was from 63.95 $ (9/24/2008) to 61.96 $ (9/29/2008) a 1.99 $ move 2- The current bullish trend started from 61.96 $ at 9/29/2008 and is currently trading at 69.99 $.
3- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Imclone Systems Incorporated (IMCL) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 10.430 $ height triangle which was broken up at 62.400 in higher than usual volume, target of the pattern is 72.830 which was broken down at 66.250, target of the pattern is 55.820.
Imclone Systems Incorporated (IMCL) Mid term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 57.510 and 37.120 that was broken down at 69.500 transforming into a resistance line.
Imclone Systems Incorporated (IMCL) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 57.510 and 37.120 that was broken down at 69.500 transforming into a resistance line.

Stock Trading Conclusion:
Imclone Systems Incorporated (IMCL) was trading in a bullish wave, which is becoming weaker .
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 : 72.83, 75.52, 91.20.
Stock Support levels : 68.09, 66.92, 65.97, 65.03, 61.96, 55.82,.