Today we will analyze the stock BMW (BMW.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in BMW (BMW.L)
1- Last bearish trend was from 3,314.00 $ (10/15/2007) to 2,877.75 $ (11/9/2007) a 436.25 $ move 2- The current bullish trend started from 2,877.75 $ at 11/9/2007 and is currently trading at 3,002.56 $.
3- BMW.L current support level is at 2,980.71 which is the 23.60 % fibonacci retracement of the last 436.25 $ move.
4- BMW.L current resistance level is at 3,044.40 which is the 38.20 % fibonacci retracement of the last 436.25 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
BMW (BMW.L) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 3,314.000 and 3,333.000, and is currently resisting at 3,291.833.
BMW (BMW.L) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 2,912.000 and 2,882.000, and is currently supporting at 2,946.138.
BMW (BMW.L) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 676.060 $ height triangle.

Stock Trading Conclusion:
BMW (BMW.L) 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 : 3,044.40, 3,095.88, 3,147.35, 3,291.83, 3,314.00, 3,432.66, 3,583.60.
Stock Support levels : 2,980.71, 2,973.10, 2,954.88, 2,946.14, 2,940.16, 2,925.43, 2,877.75,.