Today we will analyze the stock HAFSLUND INFRATEK (HIT.OL) for internet stock trading in the OL stock market,
Stock Technical indicators to notice in HAFSLUND INFRATEK (HIT.OL)
1- Last bullish trend was from 14.60 $ (10/16/2008) to 15.70 $ (10/23/2008) a 1.10 $ move 2- The current bearish trend started from 15.70 $ at 10/23/2008 and is currently trading at 15.00 $.
3- HIT.OL current support level is at 14.60 which is the 100.00 % fibonacci retracement of the last 1.10 $ move.
4- HIT.OL current resistance level is at 15.02 which is the 61.80 % fibonacci retracement of the last 1.10 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
HAFSLUND INFRATEK (HIT.OL) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 15.700 and 18.200, and is currently resisting at 15.283.
HAFSLUND INFRATEK (HIT.OL) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 18.200 and 19.000, and is currently resisting at 17.021.
HAFSLUND INFRATEK (HIT.OL) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 2.900 $ height triangle which was broken down at 17.100, target of the pattern is 14.200.

Stock Trading Conclusion:
HAFSLUND INFRATEK (HIT.OL) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 15.02, 15.15, 15.17, 15.27, 15.28, 15.28, 15.35, 15.43, 15.44, 15.70, 17.02, 18.02.
Stock Support levels : 14.60, 14.30, 14.20,.