Today we will analyze the stock FAIRSTAR HEAVY (FAIR.OL) for internet stock trading in the OL stock market,
Stock Technical indicators to notice in FAIRSTAR HEAVY (FAIR.OL)
1- Last bearish trend was from 9.73 $ (6/20/2012) to 9.00 $ (6/22/2012) a 0.73 $ move 2- The current bullish trend started from 9.00 $ at 6/22/2012 and is currently trading at 10.00 $.
3- FAIR.OL current support level is at 9.93 which is the 127.20 % fibonacci retracement of the last 0.73 $ move.
4- FAIR.OL current resistance level is at 10.18 which is the 161.80 % fibonacci retracement of the last 0.73 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
FAIRSTAR HEAVY (FAIR.OL) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 9.730 and 9.860 that was broken up at 9.800 transforming into a supporting line.
FAIRSTAR HEAVY (FAIR.OL) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 9.000 and 7.430 that was broken down at 10.000 transforming into a resistance line.
FAIRSTAR HEAVY (FAIR.OL) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 7.310 .
9- The Stock formed a 1.710 $ height triangle which was broken up at 7.620 in higher than usual volume, target of the pattern is 9.330.

Stock Trading Conclusion:
FAIRSTAR HEAVY (FAIR.OL) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 10.18, 11.45.
Stock Support levels : 9.93, 9.76, 9.73, 9.62, 9.50, 9.45, 9.43, 9.38, 9.36, 9.28, 9.17, 9.00, 7.51,.