Today we will analyze the stock Forest City Enterprises Inc (FCY) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Forest City Enterprises Inc (FCY)
1- Last bearish trend was from 22.81 $ (1/11/2012) to 21.95 $ (1/17/2012) a 0.86 $ move 2- The current bullish trend started from 21.95 $ at 1/17/2012 and is currently trading at 24.73 $.
3- 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.
Forest City Enterprises Inc (FCY) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 21.950 and 20.010 that was broken down at 23.750 transforming into a resistance line.
Forest City Enterprises Inc (FCY) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Bottom Pattern at 20.010 .
Forest City Enterprises Inc (FCY) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 6.590 $ height triangle which was broken up at 22.120, target of the pattern is 28.710.

Stock Trading Conclusion:
Forest City Enterprises Inc (FCY) 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 : 28.71, 29.61.
Stock Support levels : 24.07, 23.67, 23.34, 23.01, 21.95, 20.50,.