Today we will analyze the stock Alabama Power Company (ALZ) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Alabama Power Company (ALZ)
1- Last bullish trend was from 24.37 $ (1/20/2011) to 25.80 $ (3/31/2011) a 1.43 $ move 2- The current bearish trend started from 25.80 $ at 3/31/2011 and is currently trading at 25.02 $.
3- ALZ current support level is at 24.92 which is the 61.80 % fibonacci retracement of the last 1.43 $ move.
4- ALZ current resistance level is at 25.08 which is the 50.00 % fibonacci retracement of the last 1.43 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
Alabama Power Company (ALZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 25.800 .
Alabama Power Company (ALZ) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 23.990 and 23.370, and is currently supporting at 24.565.
Alabama Power Company (ALZ) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 22.500 and 24.310 that was broken up at 21.670 transforming into a supporting line.

Stock Trading Conclusion:
Alabama Power Company (ALZ) was trading in a strong bullish 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 : 25.08, 25.20, 25.25, 25.32, 25.41, 25.46, 25.50, 25.80, 25.81, 25.82, 25.82.
Stock Support levels : 24.92, 24.56, 24.37, 23.98, 23.49,.