Today we will analyze the stock MELLANOX TECHNOLOGI (MLNX.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in MELLANOX TECHNOLOGI (MLNX.TA)
1- Last bullish trend was from 15,220.00 $ (4/11/2012) to 22,510.00 $ (4/24/2012) a 7,290.00 $ move 2- The current bearish trend started from 22,510.00 $ at 4/24/2012 and is currently trading at 22,230.00 $.
3- MLNX.TA current support level is at 20,789.56 which is the 23.60 % fibonacci retracement of the last 7,290.00 $ move.
4- MLNX.TA current resistance level is at 22,510.00 which is the 0.00 % fibonacci retracement of the last 7,290.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
MELLANOX TECHNOLOGI (MLNX.TA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 15,220.000 and 13,440.000, and is currently supporting at 16,208.889.
MELLANOX TECHNOLOGI (MLNX.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 13,440.000 and 11,890.000,resistance between 14,570.000 and 13,100.000 which was broken up at 16,240.000 in higher than usual volume.
MELLANOX TECHNOLOGI (MLNX.TA) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1,970.000 $ height triangle which was broken up at 13,360.000 in higher than usual volume, target of the pattern is 15,330.000.

Stock Trading Conclusion:
MELLANOX TECHNOLOGI (MLNX.TA) was trading in a strong bullish wave, which is becoming stronger .
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 : 22,296.08, 22,336.96, 22,370.00, 22,403.04, 22,510.00,.
Stock Support levels : 20,789.56, 19,725.22, 18,865.00, 18,004.78, 16,510.40, 16,208.89, 15,220.00, 13,237.12, 11,839.13,.