Today we will analyze the stock STATOILHYDRO (STL.OL) for internet stock trading in the OL stock market,
Stock Technical indicators to notice in STATOILHYDRO (STL.OL)
1- Last bullish trend was from 145.20 $ (12/14/2011) to 159.00 $ (1/3/2012) a 13.80 $ move 2- The current bearish trend started from 159.00 $ at 1/3/2012 and is currently trading at 149.10 $.
3- STL.OL current support level is at 145.20 which is the 100.00 % fibonacci retracement of the last 13.80 $ move.
4- STL.OL current resistance level is at 150.47 which is the 61.80 % fibonacci retracement of the last 13.80 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
STATOILHYDRO (STL.OL) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 145.200 and 136.600 that was broken down at 154.600 transforming into a resistance line.
STATOILHYDRO (STL.OL) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 136.600 .
STATOILHYDRO (STL.OL) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
STATOILHYDRO (STL.OL) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 150.47, 151.44, 152.10, 152.88, 153.73, 154.05, 155.22, 155.74, 159.00, 166.70.
Stock Support levels : 145.20, 141.45, 137.46,.