Today we will analyze the stock SPITS (SPITS.OL) for internet stock trading in the OL stock market,
Stock Technical indicators to notice in SPITS (SPITS.OL)
1- Last bearish trend was from 18.20 $ (6/15/2007) to 16.70 $ (6/27/2007) a 1.50 $ move 2- The current bullish trend started from 16.70 $ at 6/27/2007 and is currently trading at 17.40 $.
3- SPITS.OL current support level is at 17.27 which is the 38.20 % fibonacci retracement of the last 1.50 $ move.
4- SPITS.OL current resistance level is at 17.45 which is the 50.00 % fibonacci retracement of the last 1.50 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
SPITS (SPITS.OL) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 16.700 and 16.500, and is currently supporting at 16.792.
SPITS (SPITS.OL) Mid term stock chart patterns for internet stock trading :

None.
SPITS (SPITS.OL) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 19.000 and 21.700 that was broken up at 17.200 transforming into a supporting line.

Stock Trading Conclusion:
SPITS (SPITS.OL) was trading in a bullish wave, which is becoming weaker .
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 : 17.45, 17.63, 18.20, 18.61, 19.13.
Stock Support levels : 17.27, 17.23, 17.13, 17.05, 17.05, 16.97, 16.79, 16.70, 16.30,.