Alcatel (NYSE: alu) (NYSE:alu) Stock Research Trends Targets and Technical Analysis - NYSE New york stock exchange [en]

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 3.26 $ (2/9/2010) to 2.69 $ (2/12/2010) a 0.57 $ move 2- The current bullish trend started from 2.69 $ at 2/12/2010 and is currently trading at 3.50 $. 3- ALU current support level is at 3.42 which is the 127.20 % fibonacci retracement of the last 0.57 $ move.
4- ALU current resistance level is at 3.61 which is the 161.80 % fibonacci retracement of the last 0.57 $ 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.
Alcatel (ALU) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 3.260 and 3.620 that was broken up at 2.830 transforming into a supporting line.
Alcatel (ALU) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 3.620 and 3.780 that was broken up at 3.400 transforming into a supporting line.
Alcatel (ALU) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 3.780 and 4.910 that was broken up at 3.250 transforming into a supporting line.

Stock Trading Conclusion:
Alcatel (ALU) 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 : 3.61.
Stock Support levels : 3.42, 3.31, 3.26, 3.26, 3.19, 3.10, 3.08, 3.04, 3.00, 2.97, 2.91, 2.82, 2.69,.