Today we will analyze the stock Raven Industries (RAVN) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Raven Industries (RAVN)
1- Last bullish trend was from 57.14 $ (4/23/2012) to 63.68 $ (5/2/2012) a 6.54 $ move 2- The current bearish trend started from 63.68 $ at 5/2/2012 and is currently trading at 61.51 $.
3- RAVN current support level is at 61.18 which is the 38.20 % fibonacci retracement of the last 6.54 $ move.
4- RAVN current resistance level is at 62.14 which is the 23.60 % fibonacci retracement of the last 6.54 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
Raven Industries (RAVN) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 57.140 and 56.470, and is currently supporting at 58.033.
Raven Industries (RAVN) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 63.090 and 63.610, and is currently resisting at 62.124.
Raven Industries (RAVN) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 56.470 and 50.300, and is currently supporting at 57.878.

Stock Trading Conclusion:
Raven Industries (RAVN) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 62.02, 62.12, 62.14, 62.34, 62.60, 62.85, 63.68,.
Stock Support levels : 61.18, 60.41, 59.64, 58.03, 57.88, 57.14, 55.36,.