Today we will analyze the stock CHAM FOODS (ISRAEL) (CHAM.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in CHAM FOODS (ISRAEL) (CHAM.TA)
1- Last bearish trend was from 286.70 $ (4/11/2012) to 268.00 $ (4/23/2012) a 18.70 $ move 2- The current bullish trend started from 268.00 $ at 4/23/2012 and is currently trading at 290.00 $.
3- CHAM.TA current support level is at 286.70 which is the 100.00 % fibonacci retracement of the last 18.70 $ move.
4- CHAM.TA current resistance level is at 291.79 which is the 127.20 % fibonacci retracement of the last 18.70 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
CHAM FOODS (ISRAEL) (CHAM.TA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 268.000 and 250.000, and is currently supporting at 271.000.
CHAM FOODS (ISRAEL) (CHAM.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 286.700 that failed, and formed a support .
8- The Stock formed a 38.000 $ height triangle which was broken up at 290.000, target of the pattern is 328.000.
CHAM FOODS (ISRAEL) (CHAM.TA) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 293.600 and 324.000 that was broken up at 283.900 transforming into a supporting line.

Stock Trading Conclusion:
CHAM FOODS (ISRAEL) (CHAM.TA) was trading in a bearish wave, which is becoming stronger .
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 : 291.79, 298.26, 328.00.
Stock Support levels : 286.70, 286.43, 284.81, 281.60, 279.56, 279.00, 277.35, 276.40, 275.14, 272.41, 271.00, 268.00,.