Today we will analyze the stock Linn Energy (LINE) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Linn Energy (LINE)
1- Last bearish trend was from 38.21 $ (1/3/2012) to 35.95 $ (1/13/2012) a 2.26 $ move 2- The current bullish trend started from 35.95 $ at 1/13/2012 and is currently trading at 36.55 $.
3- LINE current support level is at 36.48 which is the 23.60 % fibonacci retracement of the last 2.26 $ move.
4- LINE current resistance level is at 36.81 which is the 38.20 % fibonacci retracement of the last 2.26 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Linn Energy (LINE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 35.950 and 35.190, and is currently supporting at 36.272.
Linn Energy (LINE) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 35.190 and 32.200 that was broken down at 35.950 transforming into a resistance line.
Linn Energy (LINE) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 8.120 $ height triangle which was broken up at 34.640, target of the pattern is 42.760.

Stock Trading Conclusion:
Linn Energy (LINE) was trading in a bearish 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 : 36.81, 37.08, 37.35, 38.21, 38.82, 38.99, 39.61, 42.76.
Stock Support levels : 36.48, 36.41, 36.32, 36.27, 36.25, 36.18, 35.95,.