Today we’ll analyze the stock Iona Technologies Plc (IONA) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Iona Technologies Plc (IONA)
1- Last bearish trend was from 3.76$ (6/2/2008) to 3.53$ (6/23/2008) a 0.23$ move
2- The current bullish trend started from 3.53$ at 6/23/2008 and is currently trading at 4.04$.

3- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Iona Technologies Plc (IONA) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 3.76 and 3.95 that was broken up at 3.74 transforming into a supporting line.
Iona Technologies Plc (IONA) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Top Pattern at 3.95 that failed, and formed a support .
6- The Stock was resisted by a resistance line, identified by two points: 3.95 and 3.96 that was broken up at 3.95 transforming into a supporting line.
Iona Technologies Plc (IONA) Long term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 3.95 that failed, and formed a support .
8- The Stock was resisted by a resistance line, identified by two points: 3.95 and 3.96 that was broken up at 3.95 transforming into a supporting line.

Stock Trading Conclusion:
Iona Technologies Plc (IONA) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 4.18, 5.37.
Stock Support levels : 3.92, 3.86, 3.85, 3.78, 3.72, 3.58, 3.53, 3.22,.