Today we will analyze the stock Patni Computer Systems Limited (PTI) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Patni Computer Systems Limited (PTI)
1- Last bearish trend was from 19.10 $ (1/25/2012) to 18.25 $ (1/30/2012) a 0.85 $ move 2- The current bullish trend started from 18.25 $ at 1/30/2012 and is currently trading at 19.06 $.
3- PTI current support level is at 18.78 which is the 61.80 % fibonacci retracement of the last 0.85 $ move.
4- PTI current resistance level is at 19.10 which is the 100.00 % fibonacci retracement of the last 0.85 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
Patni Computer Systems Limited (PTI) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 18.250 and 16.150, and is currently supporting at 18.550.
Patni Computer Systems Limited (PTI) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 16.150 and 13.190 that was broken down at 18.540 transforming into a resistance line.
Patni Computer Systems Limited (PTI) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 12.340 and 12.830 that was broken up at 13.750 transforming into a supporting line.

Stock Trading Conclusion:
Patni Computer Systems Limited (PTI) was trading in a strong 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 : 19.10, 19.11, 19.33, 19.63.
Stock Support levels : 18.87, 18.78, 18.75, 18.67, 18.65, 18.57, 18.56, 18.55, 18.45, 18.25, 16.12, 16.09,.