Today we will analyze the stock BIOTEST (BIO.DU) for internet stock trading in the DU stock market,
Stock Technical indicators to notice in BIOTEST (BIO.DU)
1- Last bullish trend was from 45.25 $ (4/10/2012) to 47.50 $ (4/30/2012) a 2.25 $ move 2- The current bearish trend started from 47.50 $ at 4/30/2012 and is currently trading at 44.75 $.
3- BIO.DU current support level is at 44.64 which is the 127.20 % fibonacci retracement of the last 2.25 $ move.
4- BIO.DU current resistance level is at 45.25 which is the 100.00 % fibonacci retracement of the last 2.25 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
BIOTEST (BIO.DU) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 45.250 and 37.920 that was broken down at 45.500 transforming into a resistance line.
BIOTEST (BIO.DU) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 37.920 .
8- The Stock formed a 4.490 $ height triangle which was broken up at 41.000, target of the pattern is 45.490.
BIOTEST (BIO.DU) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 37.920 .
10- The Stock formed a 4.490 $ height triangle which was broken up at 41.000, target of the pattern is 45.490.

Stock Trading Conclusion:
BIOTEST (BIO.DU) 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 : 45.25, 45.40, 45.49, 45.80, 46.11, 46.13, 46.38, 46.45, 46.64, 46.97, 47.50, 51.85.
Stock Support levels : 44.64, 43.86, 39.20, 38.15,.