Today we will analyze the stock URBAR INGENIEROS R (18248411.MA) for internet stock trading in the MA stock market,
Stock Technical indicators to notice in URBAR INGENIEROS R (18248411.MA)
1- Last bearish trend was from 17.75 $ (6/28/2007) to 16.25 $ (6/29/2007) a 1.50 $ move 2- The current bullish trend started from 16.25 $ at 6/29/2007 and is currently trading at 17.00 $.
3- 18248411.MA current support level is at 17.00 which is the 50.00 % fibonacci retracement of the last 1.50 $ move.
4- 18248411.MA current resistance level is at 17.18 which is the 61.80 % fibonacci retracement of the last 1.50 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
URBAR INGENIEROS R (18248411.MA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 16.250 .
7- The Stock formed a 2.190 $ height triangle.
URBAR INGENIEROS R (18248411.MA) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 16.250 .
9- The Stock formed a 2.190 $ height triangle.
URBAR INGENIEROS R (18248411.MA) Long term stock chart patterns for internet stock trading :

10- The Stock was supported by a support line, identified by two points: 16.250 and 12.600 that was broken down at 16.500 transforming into a resistance line.

Stock Trading Conclusion:
URBAR INGENIEROS R (18248411.MA) was trading in a 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 : 17.18, 17.75, 18.16, 18.68, 21.23.
Stock Support levels : 16.82, 16.71, 16.63, 16.60, 16.54, 16.25,.