Today we will analyze the stock Zions Bancorporation (ZION) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Zions Bancorporation (ZION)
1- Last bearish trend was from 18.85 $ (1/20/2012) to 16.58 $ (1/26/2012) a 2.27 $ move 2- The current bullish trend started from 16.58 $ at 1/26/2012 and is currently trading at 18.03 $.
3- ZION current support level is at 17.98 which is the 61.80 % fibonacci retracement of the last 2.27 $ move.
4- ZION current resistance level is at 18.85 which is the 100.00 % fibonacci retracement of the last 2.27 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Zions Bancorporation (ZION) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 16.580 and 14.630,resistance between 18.850 and 16.840, the stock channel is currently supported from below by 17.048 and resisted from above by 19.498.
Zions Bancorporation (ZION) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 16.580 and 14.630,resistance between 18.850 and 16.840, the stock channel is currently supported from below by 17.048 and resisted from above by 19.498.
Zions Bancorporation (ZION) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 14.630 .

Stock Trading Conclusion:
Zions Bancorporation (ZION) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 18.85, 19.47, 20.25.
Stock Support levels : 17.98, 17.72, 17.69, 17.48, 17.45, 17.31, 17.13, 17.12, 16.87, 16.58, 14.58, 14.54,.