Today we will analyze the stock CLAL BIOTECH (CBI.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in CLAL BIOTECH (CBI.TA)
1- Last bearish trend was from 1,482.00 $ (4/2/2012) to 1,392.00 $ (4/16/2012) a 90.00 $ move 2- The current bullish trend started from 1,392.00 $ at 4/16/2012 and is currently trading at 1,524.00 $.
3- CBI.TA current support level is at 1,506.48 which is the 127.20 % fibonacci retracement of the last 90.00 $ move.
4- CBI.TA current resistance level is at 1,537.62 which is the 161.80 % fibonacci retracement of the last 90.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CLAL BIOTECH (CBI.TA) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1,482.000 and 1,496.000 that was broken up at 1,423.000 transforming into a supporting line.
CLAL BIOTECH (CBI.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 916.000 $ height triangle which was broken up at 1,482.000, target of the pattern is 2,398.000.
CLAL BIOTECH (CBI.TA) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
CLAL BIOTECH (CBI.TA) 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 : 1,537.62, 2,398.00.
Stock Support levels : 1,506.48, 1,492.85, 1,482.00, 1,473.58, 1,458.00, 1,447.62, 1,442.42, 1,437.00, 1,426.38, 1,413.24, 1,392.00, 1,370.00,.