Today we will analyze the stock TELEFONICA S.A. (TEF.BA) for internet stock trading in the BA stock market,
Stock Technical indicators to notice in TELEFONICA S.A. (TEF.BA)
1- Last bearish trend was from 83.00 $ (4/20/2012) to 76.00 $ (5/3/2012) a 7.00 $ move 2- The current bullish trend started from 76.00 $ at 5/3/2012 and is currently trading at 80.00 $.
3- TEF.BA current support level is at 79.50 which is the 50.00 % fibonacci retracement of the last 7.00 $ move.
4- TEF.BA current resistance level is at 80.33 which is the 61.80 % fibonacci retracement of the last 7.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
TELEFONICA S.A. (TEF.BA) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 83.000 and 87.000, and is currently resisting at 81.000.
TELEFONICA S.A. (TEF.BA) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 87.000 and 88.500, and is currently resisting at 86.328.
TELEFONICA S.A. (TEF.BA) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 87.000 and 88.500, and is currently resisting at 86.328.

Stock Trading Conclusion:
TELEFONICA S.A. (TEF.BA) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 80.33, 81.00, 83.00, 84.90, 86.33, 87.33.
Stock Support levels : 79.50, 79.06, 78.67, 78.47, 78.00, 77.65, 77.53, 76.00,.