Today we will analyze the stock Hershey Foods Corporation (HSY) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Hershey Foods Corporation (HSY)
1- Last bearish trend was from 60.18 $ (10/18/2011) to 55.36 $ (11/25/2011) a 4.82 $ move 2- The current bullish trend started from 55.36 $ at 11/25/2011 and is currently trading at 61.16 $.
3- HSY current support level is at 60.18 which is the 100.00 % fibonacci retracement of the last 4.82 $ move.
4- HSY current resistance level is at 61.49 which is the 127.20 % fibonacci retracement of the last 4.82 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
Hershey Foods Corporation (HSY) Short term stock chart patterns for internet stock trading :

None.
Hershey Foods Corporation (HSY) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 55.360 and 53.920, and is currently supporting at 56.239.
Hershey Foods Corporation (HSY) Long term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 51.260 that failed, and formed a support .
8- The Stock was supported by a support line, identified by two points: 45.890 and 45.180, and is currently supporting at 49.333.

Stock Trading Conclusion:
Hershey Foods Corporation (HSY) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 61.49, 63.16.
Stock Support levels : 60.18, 59.79, 58.94, 58.34, 58.26, 57.77, 57.58, 57.20, 56.50, 56.24, 55.36, 52.00,.