Today we will analyze the stock TECHNIP (TEC.PA) for internet stock trading in the PA stock market,
Stock Technical indicators to notice in TECHNIP (TEC.PA)
1- Last bearish trend was from 73.87 $ (1/10/2012) to 69.09 $ (1/20/2012) a 4.78 $ move 2- The current bullish trend started from 69.09 $ at 1/20/2012 and is currently trading at 74.26 $.
3- TEC.PA current support level is at 73.87 which is the 100.00 % fibonacci retracement of the last 4.78 $ move.
4- TEC.PA current resistance level is at 75.17 which is the 127.20 % fibonacci retracement of the last 4.78 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
TECHNIP (TEC.PA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 73.870 that failed, and formed a support .
7- The Stock was resisted by a resistance line, identified by two points: 73.870 and 73.960 that was broken up at 74.260 transforming into a supporting line.
TECHNIP (TEC.PA) Mid term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 69.090 and 65.500,resistance between 73.960 and 71.540, the stock channel is currently supported from below by 70.333 and resisted from above by 77.052.
TECHNIP (TEC.PA) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 61.030 and 54.360, and is currently supporting at 70.294.

Stock Trading Conclusion:
TECHNIP (TEC.PA) was trading in a bullish wave, which is becoming stronger .
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 : 75.17, 76.82.
Stock Support levels : 73.87, 73.62, 73.04, 72.29, 72.04, 71.67, 71.48, 71.06, 70.92, 70.29, 70.22, 69.09,.