Today we will analyze the stock INMOLEVANTE (INML.MA) for internet stock trading in the MA stock market,
Stock Technical indicators to notice in INMOLEVANTE (INML.MA)
1- Last bullish trend was from 14.25 $ (8/29/2007) to 16.50 $ (6/30/2008) a 2.25 $ move 2- The current bearish trend started from 16.50 $ at 6/30/2008 and is currently trading at 15.00 $.
3- INML.MA current support level is at 14.25 which is the 100.00 % fibonacci retracement of the last 2.25 $ move.
4- INML.MA current resistance level is at 15.11 which is the 61.80 % fibonacci retracement of the last 2.25 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
INMOLEVANTE (INML.MA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 14.250 .
INMOLEVANTE (INML.MA) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 16.500 and 17.500, and is currently resisting at 15.761.
INMOLEVANTE (INML.MA) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 16.500 and 17.500, and is currently resisting at 15.761.

Stock Trading Conclusion:
INMOLEVANTE (INML.MA) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 15.11, 15.35, 15.38, 15.57, 15.64, 15.75, 15.76, 15.93, 15.97, 16.50,.
Stock Support levels : 14.25, 13.64,.
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