Today we will analyze the stock TELEFONICA HOLDING ARG 1V (CITI.BA) for internet stock trading in the BA stock market,
Stock Technical indicators to notice in TELEFONICA HOLDING ARG 1V (CITI.BA)
1- Last bearish trend was from 10.50 $ (7/2/2010) to 3.20 $ (7/5/2010) a 7.30 $ move 2- The current bullish trend started from 3.20 $ at 7/5/2010 and is currently trading at 10.50 $.
3- CITI.BA current support level is at 10.50 which is the 100.00 % fibonacci retracement of the last 7.30 $ move.
4- CITI.BA current resistance level is at 12.49 which is the 127.20 % fibonacci retracement of the last 7.30 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
TELEFONICA HOLDING ARG 1V (CITI.BA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 3.200 .
TELEFONICA HOLDING ARG 1V (CITI.BA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 3.200 .
TELEFONICA HOLDING ARG 1V (CITI.BA) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 3.200 .

Stock Trading Conclusion:
TELEFONICA HOLDING ARG 1V (CITI.BA) was trading in a strong bearish wave, which is becoming weaker .
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 : 12.49, 15.01.
Stock Support levels : 8.78, 7.71, 6.85, 6.85, 5.99, 4.92, 3.20,.