Today we will analyze the stock RSL ELECTRONICS (RSEL.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in RSL ELECTRONICS (RSEL.TA)
1- Last bullish trend was from 146.50 $ (4/16/2012) to 170.00 $ (5/1/2012) a 23.50 $ move 2- The current bearish trend started from 170.00 $ at 5/1/2012 and is currently trading at 163.00 $.
3- RSEL.TA current support level is at 161.02 which is the 38.20 % fibonacci retracement of the last 23.50 $ move.
4- RSEL.TA current resistance level is at 164.45 which is the 23.60 % fibonacci retracement of the last 23.50 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
RSL ELECTRONICS (RSEL.TA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 146.500 and 145.000, and is currently supporting at 149.200.
RSL ELECTRONICS (RSEL.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 37.200 $ height triangle which was broken up at 153.000, target of the pattern is 190.200 which was broken down at 153.000, target of the pattern is 115.800.
RSL ELECTRONICS (RSEL.TA) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 157.200 and 249.900 that was broken up at 130.200 transforming into a supporting line.

Stock Trading Conclusion:
RSL ELECTRONICS (RSEL.TA) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 164.45, 164.65, 165.67, 166.50, 167.33, 170.00, 188.75, 190.20.
Stock Support levels : 161.02, 158.25, 155.48, 151.80, 149.20, 146.50, 140.11, 131.98, 115.80,.