Today we will analyze the stock SOLVAY INDUPA-ESCRITURALE (INDU.BA) for internet stock trading in the BA stock market,
Stock Technical indicators to notice in SOLVAY INDUPA-ESCRITURALE (INDU.BA)
1- Last bearish trend was from 2.20 $ (1/26/2012) to 2.06 $ (1/30/2012) a 0.14 $ move 2- The current bullish trend started from 2.06 $ at 1/30/2012 and is currently trading at 2.22 $.
3- INDU.BA current support level is at 2.20 which is the 100.00 % fibonacci retracement of the last 0.14 $ move.
4- INDU.BA current resistance level is at 2.24 which is the 127.20 % fibonacci retracement of the last 0.14 $ move.
5- 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.
SOLVAY INDUPA-ESCRITURALE (INDU.BA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2.060 and 1.780, and is currently supporting at 2.200.
SOLVAY INDUPA-ESCRITURALE (INDU.BA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.630 $ height triangle which was broken up at 2.200 in higher than usual volume, target of the pattern is 2.830.
SOLVAY INDUPA-ESCRITURALE (INDU.BA) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 2.300 and 3.350 that was broken up at 1.940 transforming into a supporting line.

Stock Trading Conclusion:
SOLVAY INDUPA-ESCRITURALE (INDU.BA) 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 : 2.24, 2.29, 2.83.
Stock Support levels : 2.20, 2.20, 2.19, 2.18, 2.16, 2.15, 2.14, 2.13, 2.12, 2.11, 2.09, 2.06,.