Today we will analyze the stock Honda Motor Company (HMC) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Honda Motor Company (HMC)
1- Last bearish trend was from 35.43 $ (1/25/2012) to 34.05 $ (1/31/2012) a 1.38 $ move 2- The current bullish trend started from 34.05 $ at 1/31/2012 and is currently trading at 35.19 $.
3- HMC current support level is at 34.90 which is the 61.80 % fibonacci retracement of the last 1.38 $ move.
4- HMC current resistance level is at 35.43 which is the 100.00 % fibonacci retracement of the last 1.38 $ move.
5- 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.
Honda Motor Company (HMC) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 34.050 and 28.610, and is currently supporting at 34.244.
Honda Motor Company (HMC) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 4.940 $ height triangle which was broken up at 31.600, target of the pattern is 36.540.
Honda Motor Company (HMC) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 4.940 $ height triangle which was broken up at 31.600, target of the pattern is 36.540.

Stock Trading Conclusion:
Honda Motor Company (HMC) 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. .

Stock Resistance Levels : 35.43, 35.81, 36.28, 36.54,.
Stock Support levels : 34.92, 34.90, 34.75, 34.74, 34.62, 34.58, 34.49, 34.38, 34.24, 34.05, 31.01,.