Today we will analyze the stock EDIR-EL HOLDINGS (EDRL.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in EDIR-EL HOLDINGS (EDRL.TA)
1- Last bearish trend was from 430.00 $ (4/13/2011) to 228.00 $ (3/27/2012) a 202.00 $ move 2- The current bullish trend started from 228.00 $ at 3/27/2012 and is currently trading at 266.70 $.
3- EDRL.TA current support level is at 228.00 which is the 0.00 % fibonacci retracement of the last 202.00 $ move.
4- EDRL.TA current resistance level is at 275.67 which is the 23.60 % fibonacci retracement of the last 202.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
EDIR-EL HOLDINGS (EDRL.TA) Short term stock chart patterns for internet stock trading :

None.
EDIR-EL HOLDINGS (EDRL.TA) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 430.000 .
EDIR-EL HOLDINGS (EDRL.TA) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 430.000 and 459.100, and is currently resisting at 346.441.

Stock Trading Conclusion:
EDIR-EL HOLDINGS (EDRL.TA) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 275.67, 305.16, 329.00, 346.44, 352.84, 430.00, 433.81, 484.94, 554.84.
Stock Support levels : 257.57, 251.92, 247.35, 242.78, 228.00,.