Today we will analyze the stock CLAYEUX (CLAY.PA) for internet stock trading in the PA stock market,
Stock Technical indicators to notice in CLAYEUX (CLAY.PA)
1- Last bearish trend was from 1.29 $ (1/31/2011) to 1.18 $ (2/2/2011) a 0.11 $ move 2- The current bullish trend started from 1.18 $ at 2/2/2011 and is currently trading at 1.29 $.
3- CLAY.PA current support level is at 1.29 which is the 100.00 % fibonacci retracement of the last 0.11 $ move.
4- CLAY.PA current resistance level is at 1.32 which is the 127.20 % fibonacci retracement of the last 0.11 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
CLAYEUX (CLAY.PA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 1.290 .
CLAYEUX (CLAY.PA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 1.290 .
CLAYEUX (CLAY.PA) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 1.180 and 1.120 that was broken down at 1.290 transforming into a resistance line.

Stock Trading Conclusion:
CLAYEUX (CLAY.PA) was trading in a bearish 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 : 1.32, 1.35, 1.36.
Stock Support levels : 1.26, 1.25, 1.23, 1.22, 1.21, 1.18,.