Today we will analyze the stock International Business Machines Corporation (IBM) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in International Business Machines Corporation (IBM)
1- Last bearish trend was from 194.56 $ (12/9/2011) to 179.16 $ (1/13/2012) a 15.40 $ move 2- The current bullish trend started from 179.16 $ at 1/13/2012 and is currently trading at 192.62 $.
3- IBM current support level is at 188.68 which is the 61.80 % fibonacci retracement of the last 15.40 $ move.
4- IBM current resistance level is at 194.56 which is the 100.00 % fibonacci retracement of the last 15.40 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
International Business Machines Corporation (IBM) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 179.160 and 177.060, and is currently supporting at 179.924.
International Business Machines Corporation (IBM) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 179.160 and 177.060, and is currently supporting at 179.924.
International Business Machines Corporation (IBM) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 156.910 and 120.720,resistance between 183.670 and 133.540, the stock channel is currently supported from below by 171.209 and resisted from above by 201.706.

Stock Trading Conclusion:
International Business Machines Corporation (IBM) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 194.56, 198.75, 204.08.
Stock Support levels : 189.44, 188.68, 187.48, 186.86, 185.89, 185.04, 184.30, 182.79, 179.92, 179.16,.