Today we will analyze the stock CARMEL GROUP (CRGR.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in CARMEL GROUP (CRGR.TA)
1- Last bearish trend was from 255.70 $ (11/26/2009) to 177.20 $ (5/27/2010) a 78.50 $ move 2- The current bullish trend started from 177.20 $ at 5/27/2010 and is currently trading at 250.00 $.
3- CRGR.TA current support level is at 225.71 which is the 61.80 % fibonacci retracement of the last 78.50 $ move.
4- CRGR.TA current resistance level is at 255.70 which is the 100.00 % fibonacci retracement of the last 78.50 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
CARMEL GROUP (CRGR.TA) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 255.700 and 268.000 that was broken up at 215.800 transforming into a supporting line.
CARMEL GROUP (CRGR.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 268.000 .
CARMEL GROUP (CRGR.TA) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 268.000 and 324.000 that was broken up at 250.000 transforming into a supporting line.

Stock Trading Conclusion:
CARMEL GROUP (CRGR.TA) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 255.70, 268.00, 277.05, 304.21.
Stock Support levels : 232.82, 225.71, 224.71, 222.19, 216.45, 213.60, 207.19, 205.01, 195.73, 177.20,.