Today we will analyze the stock JERUSALEM ECONOMIC (ECJM.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in JERUSALEM ECONOMIC (ECJM.TA)
1- Last bullish trend was from 2,670.00 $ (4/16/2012) to 2,759.00 $ (4/30/2012) a 89.00 $ move 2- The current bearish trend started from 2,759.00 $ at 4/30/2012 and is currently trading at 2,660.00 $.
3- ECJM.TA current support level is at 2,645.79 which is the 127.20 % fibonacci retracement of the last 89.00 $ move.
4- ECJM.TA current resistance level is at 2,670.00 which is the 100.00 % fibonacci retracement of the last 89.00 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
JERUSALEM ECONOMIC (ECJM.TA) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 195.000 $ height triangle which was broken down at 2,729.000, target of the pattern is 2,534.000.
JERUSALEM ECONOMIC (ECJM.TA) Mid term stock chart patterns for internet stock trading :

None.
JERUSALEM ECONOMIC (ECJM.TA) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 2,818.000 and 3,180.000 that was broken up at 2,686.000 transforming into a supporting line.

Stock Trading Conclusion:
JERUSALEM ECONOMIC (ECJM.TA) was trading in a bearish wave, which is becoming weaker .
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 : 2,670.00, 2,683.36, 2,697.82, 2,704.00, 2,709.50, 2,714.50, 2,721.18, 2,725.00, 2,738.00, 2,759.00, 2,766.75.
Stock Support levels : 2,645.79, 2,615.00, 2,534.00,.