Today we will analyze the stock TEVA PHARMA IND (TEVA.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in TEVA PHARMA IND (TEVA.TA)
1- Last bearish trend was from 17,210.00 $ (3/5/2012) to 16,150.00 $ (3/22/2012) a 1,060.00 $ move 2- The current bullish trend started from 16,150.00 $ at 3/22/2012 and is currently trading at 17,350.00 $.
3- TEVA.TA current support level is at 17,210.00 which is the 100.00 % fibonacci retracement of the last 1,060.00 $ move.
4- TEVA.TA current resistance level is at 17,498.32 which is the 127.20 % fibonacci retracement of the last 1,060.00 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
TEVA PHARMA IND (TEVA.TA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 17,210.000 that failed, and formed a support .
7- The Stock was resisted by a resistance line, identified by two points: 17,210.000 and 17,240.000 that was broken up at 17,240.000 transforming into a supporting line.
TEVA PHARMA IND (TEVA.TA) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 16,150.000 and 14,070.000, and is currently supporting at 16,822.000.
TEVA PHARMA IND (TEVA.TA) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 4,280.000 $ height triangle which was broken up at 15,070.000 in higher than usual volume, target of the pattern is 19,350.000.

Stock Trading Conclusion:
TEVA PHARMA IND (TEVA.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 : 17,498.32, 17,865.08, 19,350.00.
Stock Support levels : 17,210.00, 17,148.00, 17,066.80, 16,891.60, 16,822.00, 16,805.08, 16,750.00, 16,680.00, 16,608.40, 16,554.92, 16,400.16, 16,150.00,.