Today we will analyze the stock BANCO HIPOTECARIO S.A. OR (BHIP.BA) for internet stock trading in the BA stock market,
Stock Technical indicators to notice in BANCO HIPOTECARIO S.A. OR (BHIP.BA)
1- Last bullish trend was from 1.69 $ (1/16/2012) to 1.81 $ (1/24/2012) a 0.12 $ move 2- The current bearish trend started from 1.81 $ at 1/24/2012 and is currently trading at 1.72 $.
3- BHIP.BA current support level is at 1.69 which is the 100.00 % fibonacci retracement of the last 0.12 $ move.
4- BHIP.BA current resistance level is at 1.74 which is the 61.80 % fibonacci retracement of the last 0.12 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
BANCO HIPOTECARIO S.A. OR (BHIP.BA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 1.810 .
7- The Stock formed a 0.460 $ height triangle which was broken down at 1.810, target of the pattern is 1.350.
BANCO HIPOTECARIO S.A. OR (BHIP.BA) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 1.810 .
9- The Stock formed a 0.460 $ height triangle which was broken down at 1.810, target of the pattern is 1.350.
BANCO HIPOTECARIO S.A. OR (BHIP.BA) Long term stock chart patterns for internet stock trading :

10- The Stock was resisted by a resistance line, identified by two points: 1.650 and 2.100 that was broken up at 1.420 transforming into a supporting line.

Stock Trading Conclusion:
BANCO HIPOTECARIO S.A. OR (BHIP.BA) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 1.74, 1.74, 1.75, 1.75, 1.76, 1.76, 1.78, 1.78, 1.81, 2.01,.
Stock Support levels : 1.69, 1.66, 1.62, 1.35,.