Today we will analyze the stock INVIK -B- (INVIK-B.ST) for internet stock trading in the ST stock market,
Stock Technical indicators to notice in INVIK -B- (INVIK-B.ST)
1- Last bearish trend was from 227.50 $ (7/19/2007) to 219.50 $ (7/30/2007) a 8.00 $ move 2- The current bullish trend started from 219.50 $ at 7/30/2007 and is currently trading at 222.50 $.
3- INVIK-B.ST current support level is at 221.39 which is the 23.60 % fibonacci retracement of the last 8.00 $ move.
4- INVIK-B.ST current resistance level is at 222.56 which is the 38.20 % fibonacci retracement of the last 8.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
INVIK -B- (INVIK-B.ST) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 219.500 .
7- The Stock formed a 12.000 $ height triangle which was broken up at 224.500 in higher than usual volume, target of the pattern is 236.500.
INVIK -B- (INVIK-B.ST) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 205.000 and 167.500 that was broken down at 222.500 transforming into a resistance line.
INVIK -B- (INVIK-B.ST) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
INVIK -B- (INVIK-B.ST) 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 : 222.56, 223.50, 224.44, 227.50, 229.68, 232.44, 236.50, 253.53.
Stock Support levels : 221.79, 221.39, 221.35, 221.00, 220.65, 219.50, 215.25, 214.63, 214.00,.