Today we will analyze the stock TESTA INMUEBLES (PI8.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in TESTA INMUEBLES (PI8.BE)
1- Last bullish trend was from 13.50 $ (1/7/2009) to 14.40 $ (1/13/2009) a 0.90 $ move 2- The current bearish trend started from 14.40 $ at 1/13/2009 and is currently trading at 13.30 $.
3- PI8.BE current support level is at 13.26 which is the 127.20 % fibonacci retracement of the last 0.90 $ move.
4- PI8.BE current resistance level is at 13.50 which is the 100.00 % fibonacci retracement of the last 0.90 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
TESTA INMUEBLES (PI8.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 14.400 and 16.080 that was broken up at 14.100 transforming into a supporting line.
TESTA INMUEBLES (PI8.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 14.400 and 16.210 that was broken up at 14.150 transforming into a supporting line.
TESTA INMUEBLES (PI8.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 6.170 $ height triangle which was broken down at 13.500, target of the pattern is 7.330.

Stock Trading Conclusion:
TESTA INMUEBLES (PI8.BE) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 13.50, 13.56, 13.72, 13.84, 13.85, 13.95, 13.98, 14.06, 14.19, 14.40, 16.24.
Stock Support levels : 13.26, 12.94, 11.56, 10.29,.