Today we will analyze the stock ISRAEL GROWTH UT B (IGPBU.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in ISRAEL GROWTH UT B (IGPBU.OB)
1- Last bullish trend was from 10.00 $ (10/15/2008) to 10.58 $ (2/13/2009) a 0.58 $ move 2- The current bearish trend started from 10.58 $ at 2/13/2009 and is currently trading at 10.25 $.
3- IGPBU.OB current support level is at 10.22 which is the 61.80 % fibonacci retracement of the last 0.58 $ move.
4- IGPBU.OB current resistance level is at 10.29 which is the 50.00 % fibonacci retracement of the last 0.58 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
ISRAEL GROWTH UT B (IGPBU.OB) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 10.000 and 10.260,resistance between 10.580 and 10.800, the stock channel is currently supported from below by 9.774 and resisted from above by 10.454.
ISRAEL GROWTH UT B (IGPBU.OB) Mid term stock chart patterns for internet stock trading :

None.
ISRAEL GROWTH UT B (IGPBU.OB) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
ISRAEL GROWTH UT B (IGPBU.OB) was trading in a 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 : 10.29, 10.33, 10.36, 10.38, 10.41, 10.44, 10.45, 10.58,.
Stock Support levels : 10.22, 10.00, 9.84,.