Today we will analyze the stock AFP PROVIDA SP ADR (D8P1.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in AFP PROVIDA SP ADR (D8P1.F)
1- Last bullish trend was from 59.90 $ (1/24/2014) to 63.68 $ (2/13/2014) a 3.78 $ move 2- The current bearish trend started from 63.68 $ at 2/13/2014 and is currently trading at 59.77 $.
3- D8P1.F current support level is at 58.87 which is the 127.20 % fibonacci retracement of the last 3.78 $ move.
4- D8P1.F current resistance level is at 59.90 which is the 100.00 % fibonacci retracement of the last 3.78 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
AFP PROVIDA SP ADR (D8P1.F) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 59.900 and 61.520,resistance between 63.680 and 65.340, the stock channel is currently supported from below by 59.193 and resisted from above by 63.265.
AFP PROVIDA SP ADR (D8P1.F) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 59.900 that failed and formed a resistance.
8- The Stock was resisted by a resistance line, identified by two points: 63.680 and 65.340, and is currently resisting at 63.265.
AFP PROVIDA SP ADR (D8P1.F) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bearish stock channel identifed by support at 63.630 and 69.430,resistance between 69.960 and 76.010, the stock channel is currently supported from below by 52.740 and resisted from above by 62.656.

Stock Trading Conclusion:
AFP PROVIDA SP ADR (D8P1.F) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 59.79, 59.90, 60.69, 61.26, 61.34, 61.73, 61.79, 62.19, 62.24, 62.79, 63.26, 63.68,.
Stock Support levels : 58.87,.