Today we will analyze the stock URBAR INGENIEROS (18248421.MA) for internet stock trading in the MA stock market,
Stock Technical indicators to notice in URBAR INGENIEROS (18248421.MA)
1- Last bearish trend was from 4.50 $ (11/17/2009) to 4.00 $ (12/29/2009) a 0.50 $ move 2- The current bullish trend started from 4.00 $ at 12/29/2009 and is currently trading at 4.20 $.
3- 18248421.MA current support level is at 4.19 which is the 38.20 % fibonacci retracement of the last 0.50 $ move.
4- 18248421.MA current resistance level is at 4.25 which is the 50.00 % fibonacci retracement of the last 0.50 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
URBAR INGENIEROS (18248421.MA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 4.000 .
URBAR INGENIEROS (18248421.MA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 4.500 .
8- The Stock formed a 1.520 $ height triangle which was broken down at 4.250 in higher than usual volume, target of the pattern is 2.730.
URBAR INGENIEROS (18248421.MA) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Top Pattern at 4.500 .
10- The Stock formed a 1.520 $ height triangle which was broken down at 4.250 in higher than usual volume, target of the pattern is 2.730.

Stock Trading Conclusion:
URBAR INGENIEROS (18248421.MA) was trading in a strong bearish wave, which is becoming stronger .
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 : 4.25, 4.31, 4.50, 4.64, 4.81, 4.89,.
Stock Support levels : 4.19, 4.15, 4.12, 4.12, 4.10, 4.08, 4.00, 2.73,.