Today we will analyze the stock EL-AL (ELAL.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in EL-AL (ELAL.TA)
1- Last bearish trend was from 48.20 $ (4/9/2012) to 46.50 $ (4/19/2012) a 1.70 $ move 2- The current bullish trend started from 46.50 $ at 4/19/2012 and is currently trading at 47.00 $.
3- ELAL.TA current support level is at 46.90 which is the 23.60 % fibonacci retracement of the last 1.70 $ move.
4- ELAL.TA current resistance level is at 47.15 which is the 38.20 % fibonacci retracement of the last 1.70 $ move.
5- According to ADX Indicator, the trend is currently bearish,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.
EL-AL (ELAL.TA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 46.500 .
7- The Stock formed a 4.400 $ height triangle which was broken up at 48.000 in higher than usual volume, target of the pattern is 52.400.
EL-AL (ELAL.TA) Mid term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 46.100 and 60.000,resistance between 51.000 and 67.000 which was broken up at 47.700 in higher than usual volume.
EL-AL (ELAL.TA) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 67.000 and 80.200 that was broken up at 47.400 transforming into a supporting line.

Stock Trading Conclusion:
EL-AL (ELAL.TA) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 47.15, 47.35, 47.55, 48.20, 48.66, 49.25, 52.40.
Stock Support levels : 46.90, 46.88, 46.81, 46.75, 46.71, 46.69, 46.50, 46.43, 45.47, 43.40,.