Today we will analyze the stock Viacom (RBV) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Viacom (RBV)
1- Last bearish trend was from 24.80 $ (3/18/2010) to 21.75 $ (5/6/2010) a 3.05 $ move 2- The current bullish trend started from 21.75 $ at 5/6/2010 and is currently trading at 25.17 $.
3- RBV current support level is at 24.80 which is the 100.00 % fibonacci retracement of the last 3.05 $ move.
4- RBV current resistance level is at 25.63 which is the 127.20 % fibonacci retracement of the last 3.05 $ 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.
Viacom (RBV) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 21.750 .
Viacom (RBV) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 21.750 and 21.180, and is currently supporting at 22.320.
Viacom (RBV) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 21.750 and 10.890 that was broken down at 25.320 transforming into a resistance line.

Stock Trading Conclusion:
Viacom (RBV) was trading in a bullish wave, which is becoming stronger .
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 : 25.63, 26.44, 26.68.
Stock Support levels : 24.80, 24.36, 23.86, 23.63, 23.46, 23.27, 23.06, 22.92, 22.47, 22.32, 21.75, 21.70, 21.70,.