Today we will analyze the stock GAON AGRO IND (GAT.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in GAON AGRO IND (GAT.TA)
1- Last bullish trend was from 900.00 $ (2/12/2009) to 1,499.00 $ (2/19/2009) a 599.00 $ move 2- The current bearish trend started from 1,499.00 $ at 2/19/2009 and is currently trading at 950.80 $.
3- GAT.TA current support level is at 900.00 which is the 100.00 % fibonacci retracement of the last 599.00 $ move.
4- GAT.TA current resistance level is at 1,128.82 which is the 61.80 % fibonacci retracement of the last 599.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
GAON AGRO IND (GAT.TA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 900.000 and 800.000 that was broken down at 960.000 transforming into a resistance line.
GAON AGRO IND (GAT.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1,499.000 and 2,001.000, and is currently resisting at 1,415.333.
GAON AGRO IND (GAT.TA) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 800.000 and 1,469.000,resistance between 1,499.000 and 2,001.000, the stock channel is currently supported from below by 653.370 and resisted from above by 1,415.333.

Stock Trading Conclusion:
GAON AGRO IND (GAT.TA) was trading in a strong bearish wave, which is becoming stronger .
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 : 1,080.18, 1,104.76, 1,128.82, 1,160.21, 1,199.50, 1,224.90, 1,270.18, 1,289.59, 1,357.64, 1,415.33, 1,499.00,.
Stock Support levels : 900.00, 737.07,.