Today we will analyze the stock AVNER OIL and GAS INS (AVNR.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in AVNER OIL and GAS INS (AVNR.TA)
1- Last bullish trend was from 247.00 $ (4/19/2012) to 255.00 $ (4/24/2012) a 8.00 $ move 2- The current bearish trend started from 255.00 $ at 4/24/2012 and is currently trading at 243.80 $.
3- AVNR.TA current support level is at 242.06 which is the 161.80 % fibonacci retracement of the last 8.00 $ move.
4- AVNR.TA current resistance level is at 244.82 which is the 127.20 % fibonacci retracement of the last 8.00 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
AVNER OIL and GAS INS (AVNR.TA) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 255.000 and 266.300, and is currently resisting at 250.480.
AVNER OIL and GAS INS (AVNR.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 70.600 $ height triangle which was broken down at 244.900, target of the pattern is 174.300.
AVNER OIL and GAS INS (AVNR.TA) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 70.600 $ height triangle which was broken down at 244.900, target of the pattern is 174.300.

Stock Trading Conclusion:
AVNER OIL and GAS INS (AVNR.TA) 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 : 244.82, 246.44, 247.00, 248.08, 249.40, 250.06, 250.48, 250.72, 251.00, 251.72, 251.94, 253.11, 255.00, 267.60.
Stock Support levels : 242.06, 174.30,.