Today we will analyze the stock BK JERUSALEM (JBNK.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in BK JERUSALEM (JBNK.TA)
1- Last bullish trend was from 491.50 $ (4/16/2012) to 509.90 $ (4/23/2012) a 18.40 $ move 2- The current bearish trend started from 509.90 $ at 4/23/2012 and is currently trading at 490.80 $.
3- JBNK.TA current support level is at 486.50 which is the 127.20 % fibonacci retracement of the last 18.40 $ move.
4- JBNK.TA current resistance level is at 491.50 which is the 100.00 % fibonacci retracement of the last 18.40 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
BK JERUSALEM (JBNK.TA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 491.500 that failed and formed a resistance.
7- The Stock formed Double Top Pattern at 509.900 .
8- The Stock formed a 19.900 $ height triangle which was broken down at 479.000 in higher than usual volume, target of the pattern is 459.100.
BK JERUSALEM (JBNK.TA) Mid term stock chart patterns for internet stock trading :

9- The Stock formed a 109.800 $ height triangle.
BK JERUSALEM (JBNK.TA) Long term stock chart patterns for internet stock trading :

10- The Stock formed a 328.600 $ height triangle.

Stock Trading Conclusion:
BK JERUSALEM (JBNK.TA) was trading in a bearish wave, which is becoming stronger .
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 : 491.50, 492.73, 495.31, 498.10, 498.53, 500.35, 500.70, 502.60, 502.87, 505.56, 509.90, 510.04.
Stock Support levels : 490.00, 486.50, 480.13,.