Today we will analyze the stock ACE AUTO DEPOT (ACDP.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in ACE AUTO DEPOT (ACDP.TA)
1- Last bullish trend was from 96.40 $ (1/24/2012) to 129.20 $ (1/31/2012) a 32.80 $ move 2- The current bearish trend started from 129.20 $ at 1/31/2012 and is currently trading at 99.00 $.
3- ACDP.TA current support level is at 96.40 which is the 100.00 % fibonacci retracement of the last 32.80 $ move.
4- ACDP.TA current resistance level is at 108.93 which is the 61.80 % fibonacci retracement of the last 32.80 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
ACE AUTO DEPOT (ACDP.TA) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 96.400 and 346.200,resistance between 129.200 and 381.200, the stock channel is currently supported from below by 68.644 and resisted from above by 119.120.
ACE AUTO DEPOT (ACDP.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 96.400 and 346.200,resistance between 129.200 and 381.200, the stock channel is currently supported from below by 68.644 and resisted from above by 119.120.
ACE AUTO DEPOT (ACDP.TA) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 96.400 and 346.200,resistance between 129.200 and 381.200, the stock channel is currently supported from below by 68.644 and resisted from above by 119.120.

Stock Trading Conclusion:
ACE AUTO DEPOT (ACDP.TA) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 106.13, 108.93, 110.54, 112.80, 114.10, 116.67, 117.66, 121.46, 129.20,.
Stock Support levels : 96.40, 87.48,.