Today we’ll analyze the stock FRIEDMANS INC (FRM) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in FRIEDMANS INC (FRM)
1- Last bearish trend was from 4.78$ (12/17/2008) to 4.20$ (12/24/2008) a 0.58$ move
2- The current bullish trend started from 4.20$ at 12/24/2008 and is currently trading at 5.28$.

3- According to ADX Indicator, the trend is currently strong 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.
FRIEDMANS INC (FRM) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 4.78 and 5.41 that was broken up at 4.48 transforming into a supporting line.
FRIEDMANS INC (FRM) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 4.78 and 5.41 that was broken up at 4.48 transforming into a supporting line.
FRIEDMANS INC (FRM) Long term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 5.41 and 5.48 that was broken up at 5.39 transforming into a supporting line.

Stock Trading Conclusion:
FRIEDMANS INC (FRM) was trading in a strong 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.
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Stock Resistance Levels : 5.41, 5.70, 8.55, 8.65, 9.65, 11.23.
Stock Support levels : 5.06, 5.03, 5.03, 5.02, 4.87, 4.74, 4.61, 4.20, 4.15,.