Today we will analyze the stock POWEL (POWEL.OL) for internet stock trading in the OL stock market,
Stock Technical indicators to notice in POWEL (POWEL.OL)
1- Last bullish trend was from 14.05 $ (9/7/2009) to 15.00 $ (9/24/2009) a 0.95 $ move 2- The current bearish trend started from 15.00 $ at 9/24/2009 and is currently trading at 14.50 $.
3- POWEL.OL current support level is at 14.41 which is the 61.80 % fibonacci retracement of the last 0.95 $ move.
4- POWEL.OL current resistance level is at 14.52 which is the 50.00 % fibonacci retracement of the last 0.95 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
POWEL (POWEL.OL) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 15.000 .
7- The Stock formed a 1.500 $ height triangle which was broken down at 14.500, target of the pattern is 13.000.
POWEL (POWEL.OL) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 2.400 $ height triangle which was broken up at 14.500, target of the pattern is 16.900 which was broken down at 14.500, target of the pattern is 12.100.
POWEL (POWEL.OL) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 15.500 and 15.600, and is currently resisting at 15.078.

Stock Trading Conclusion:
POWEL (POWEL.OL) was trading in a strong bullish wave, which is becoming stronger .
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 : 14.52, 14.62, 14.64, 14.69, 14.75, 14.78, 14.81, 15.00, 15.08, 16.40, 16.90, 17.03.
Stock Support levels : 14.41, 14.05, 13.79, 13.63, 13.46, 13.00,.