Today we will analyze the stock GRUPO TELEVISA SA ADR (TV.BA) for internet stock trading in the BA stock market,
Stock Technical indicators to notice in GRUPO TELEVISA SA ADR (TV.BA)
1- Last bullish trend was from 30.35 $ (7/15/2011) to 32.75 $ (11/4/2011) a 2.40 $ move 2- The current bearish trend started from 32.75 $ at 11/4/2011 and is currently trading at 32.20 $.
3- TV.BA current support level is at 32.18 which is the 23.60 % fibonacci retracement of the last 2.40 $ move.
4- TV.BA current resistance level is at 32.75 which is the 0.00 % fibonacci retracement of the last 2.40 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
GRUPO TELEVISA SA ADR (TV.BA) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 32.750 and 34.800 that was broken up at 32.200 transforming into a supporting line.
GRUPO TELEVISA SA ADR (TV.BA) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 30.350 and 23.000,resistance between 35.100 and 26.750 which was broken down at 31.000.
GRUPO TELEVISA SA ADR (TV.BA) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 23.000 and 14.600,resistance between 35.100 and 26.750 which was broken down at 31.250.

Stock Trading Conclusion:
GRUPO TELEVISA SA ADR (TV.BA) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 32.33, 32.41, 32.47, 32.54, 32.75, 34.63, 35.03.
Stock Support levels : 32.18, 32.16, 31.83, 31.55, 31.27, 30.35, 29.70,.