Today we will analyze the stock Alcatel (ALU) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Alcatel (ALU)
1- Last bearish trend was from 2.01 $ (1/23/2012) to 1.74 $ (1/31/2012) a 0.27 $ move 2- The current bullish trend started from 1.74 $ at 1/31/2012 and is currently trading at 1.95 $.
3- ALU current support level is at 1.91 which is the 61.80 % fibonacci retracement of the last 0.27 $ move.
4- ALU current resistance level is at 2.01 which is the 100.00 % fibonacci retracement of the last 0.27 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Alcatel (ALU) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 1.740 .
Alcatel (ALU) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.740 and 1.560, and is currently supporting at 1.774.
Alcatel (ALU) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 1.740 and 1.390,resistance between 2.010 and 1.710, the stock channel is currently supported from below by 1.778 and resisted from above by 2.106.

Stock Trading Conclusion:
Alcatel (ALU) was trading in a bullish 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 : 2.01, 2.08, 2.18.
Stock Support levels : 1.91, 1.90, 1.88, 1.87, 1.85, 1.84, 1.82, 1.80, 1.77, 1.74,.