Today we will analyze the stock BB BIOTECH (BBZ.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in BB BIOTECH (BBZ.BE)
1- Last bullish trend was from 44.92 $ (3/24/2008) to 50.05 $ (4/7/2008) a 5.13 $ move 2- The current bearish trend started from 50.05 $ at 4/7/2008 and is currently trading at 48.39 $.
3- BBZ.BE current support level is at 48.09 which is the 38.20 % fibonacci retracement of the last 5.13 $ move.
4- BBZ.BE current resistance level is at 48.84 which is the 23.60 % fibonacci retracement of the last 5.13 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
BB BIOTECH (BBZ.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 50.050 .
BB BIOTECH (BBZ.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 55.280 and 62.330 that was broken up at 49.910 transforming into a supporting line.
BB BIOTECH (BBZ.BE) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
BB BIOTECH (BBZ.BE) was trading in a bearish wave, which is becoming weaker .
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 : 48.78, 48.84, 49.02, 49.22, 49.42, 50.05, 50.06.
Stock Support levels : 48.09, 47.49, 46.88, 44.92, 43.52, 41.75,.