Today we will analyze the stock Hitachi (HIT) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Hitachi (HIT)
1- Last bullish trend was from 51.18 $ (12/19/2011) to 56.45 $ (1/20/2012) a 5.27 $ move 2- The current bearish trend started from 56.45 $ at 1/20/2012 and is currently trading at 53.82 $.
3- HIT current support level is at 53.82 which is the 50.00 % fibonacci retracement of the last 5.27 $ move.
4- HIT current resistance level is at 54.44 which is the 38.20 % fibonacci retracement of the last 5.27 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Hitachi (HIT) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 51.180 and 50.440, and is currently supporting at 52.521.
Hitachi (HIT) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 7.710 $ height triangle which was broken up at 54.130 in higher than usual volume, target of the pattern is 61.840.
Hitachi (HIT) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 15.070 $ height triangle which was broken up at 54.150 in higher than usual volume, target of the pattern is 69.220.

Stock Trading Conclusion:
Hitachi (HIT) was trading in a bearish 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 : 54.44, 54.44, 54.82, 55.14, 55.21, 55.45, 56.45, 61.84, 69.22.
Stock Support levels : 53.82, 53.19, 52.90, 52.52, 51.54, 51.18, 49.75,.