Today we will analyze the stock BLUE BL.FIN. (BLBLNIN.BO) for internet stock trading in the BO stock market,
Stock Technical indicators to notice in BLUE BL.FIN. (BLBLNIN.BO)
1- Last bearish trend was from 20.45 $ (1/31/2014) to 19.70 $ (2/25/2014) a 0.75 $ move 2- The current bullish trend started from 19.70 $ at 2/25/2014 and is currently trading at 22.30 $.
3- 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.
BLUE BL.FIN. (BLBLNIN.BO) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 19.700 .
5- The Stock formed a 1.200 $ height triangle which was broken up at 19.700, target of the pattern is 20.900.
BLUE BL.FIN. (BLBLNIN.BO) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 7.300 and 5.110, and is currently supporting at 7.615.
BLUE BL.FIN. (BLBLNIN.BO) Long term stock chart patterns for internet stock trading :


Stock Trading Conclusion:
BLUE BL.FIN. (BLBLNIN.BO) 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 : .
Stock Support levels : 21.69, 21.31, 21.00, 20.69, 19.70, 18.50,.