Today we will analyze the stock Republic Bancorp (RBCAA) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Republic Bancorp (RBCAA)
1- Last bearish trend was from 24.00 $ (4/20/2012) to 22.65 $ (5/4/2012) a 1.35 $ move 2- The current bullish trend started from 22.65 $ at 5/4/2012 and is currently trading at 23.12 $.
3- RBCAA current support level is at 22.97 which is the 23.60 % fibonacci retracement of the last 1.35 $ move.
4- RBCAA current resistance level is at 23.17 which is the 38.20 % fibonacci retracement of the last 1.35 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bullish Divergance in MACD Indicator .
Republic Bancorp (RBCAA) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 24.000 .
Republic Bancorp (RBCAA) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 8.860 $ height triangle which was broken up at 23.590 in higher than usual volume, target of the pattern is 32.450 which was broken down at 24.820 in higher than usual volume, target of the pattern is 15.960.
Republic Bancorp (RBCAA) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 18.480 and 15.650 that was broken down at 23.230 transforming into a resistance line.

Stock Trading Conclusion:
Republic Bancorp (RBCAA) was trading in a bearish wave, which is becoming stronger .
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 : 23.17, 23.33, 23.48, 23.80, 24.00, 24.01, 24.02, 24.37, 24.83, 27.74, 32.45.
Stock Support levels : 23.01, 22.97, 22.94, 22.89, 22.83, 22.65, 22.01,.