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 30.92 $ (2/18/2014) to 29.83 $ (2/20/2014) a 1.09 $ move 2- The current bullish trend started from 29.83 $ at 2/20/2014 and is currently trading at 31.52 $.
3- ZION current support level is at 31.22 which is the 127.20 % fibonacci retracement of the last 1.09 $ move.
4- ZION current resistance level is at 31.59 which is the 161.80 % fibonacci retracement of the last 1.09 $ move.
5- According to ADX Indicator, the trend is currently bullish, 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.
Zions Bancorporation (ZION) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 3.870 $ height triangle which was broken up at 30.790, target of the pattern is 34.660 which was broken down at 31.450, target of the pattern is 27.580.
Zions Bancorporation (ZION) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 27.870 .
Zions Bancorporation (ZION) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 27.870 and 26.820, and is currently supporting at 28.189.

Stock Trading Conclusion:
Zions Bancorporation (ZION) was trading in a bullish wave, which is becoming stronger .
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 : 31.59, 31.79, 34.66.
Stock Support levels : 31.22, 31.12, 30.92, 30.87, 30.67, 30.50, 30.48, 30.38, 30.28, 30.25, 30.09, 29.83, 28.19, 27.90,.