Today we will analyze the stock FOLLOWIT HOLDING (FOLL.ST) for internet stock trading in the ST stock market,
Stock Technical indicators to notice in FOLLOWIT HOLDING (FOLL.ST)
1- Last bullish trend was from 1.10 $ (3/22/2011) to 2.50 $ (4/5/2011) a 1.40 $ move 2- The current bearish trend started from 2.50 $ at 4/5/2011 and is currently trading at 2.00 $.
3- FOLL.ST current support level is at 1.97 which is the 38.20 % fibonacci retracement of the last 1.40 $ move.
4- FOLL.ST current resistance level is at 2.17 which is the 23.60 % fibonacci retracement of the last 1.40 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
FOLLOWIT HOLDING (FOLL.ST) Short term stock chart patterns for internet stock trading :

None.
FOLLOWIT HOLDING (FOLL.ST) Mid term stock chart patterns for internet stock trading :

None.
FOLLOWIT HOLDING (FOLL.ST) Long term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 2.500 .

Stock Trading Conclusion:
FOLLOWIT HOLDING (FOLL.ST) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 2.12, 2.17, 2.19, 2.25, 2.31, 2.50,.
Stock Support levels : 1.97, 1.80, 1.63, 1.10, 0.72,.