Today we will analyze the stock CHAYON COMPUTERS (CHAY.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in CHAYON COMPUTERS (CHAY.TA)
1- Last bullish trend was from 40.20 $ (4/21/2009) to 47.00 $ (5/7/2009) a 6.80 $ move 2- The current bearish trend started from 47.00 $ at 5/7/2009 and is currently trading at 44.50 $.
3- CHAY.TA current support level is at 44.40 which is the 38.20 % fibonacci retracement of the last 6.80 $ move.
4- CHAY.TA current resistance level is at 45.40 which is the 23.60 % fibonacci retracement of the last 6.80 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CHAYON COMPUTERS (CHAY.TA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 40.200 and 33.000 that was broken down at 45.000 transforming into a resistance line.
CHAYON COMPUTERS (CHAY.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 12.200 $ height triangle which was broken up at 37.000 in higher than usual volume, target of the pattern is 49.200.
CHAYON COMPUTERS (CHAY.TA) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 12.200 $ height triangle which was broken up at 37.000 in higher than usual volume, target of the pattern is 49.200.

Stock Trading Conclusion:
CHAYON COMPUTERS (CHAY.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 : 45.09, 45.40, 45.46, 45.75, 46.04, 47.00, 49.20, 49.80.
Stock Support levels : 44.40, 43.60, 42.80, 40.20, 38.35, 36.00, 30.28,.