Today we will analyze the stock ALTADIS R (ALT.MC) for internet stock trading in the MC stock market,
Stock Technical indicators to notice in ALTADIS R (ALT.MC)
1- Last bullish trend was from 47.70 $ (7/26/2007) to 50.30 $ (2/7/2008) a 2.60 $ move 2- The current bearish trend started from 50.30 $ at 2/7/2008 and is currently trading at 47.40 $.
3- ALT.MC current support level is at 46.99 which is the 127.20 % fibonacci retracement of the last 2.60 $ move.
4- ALT.MC current resistance level is at 47.70 which is the 100.00 % fibonacci retracement of the last 2.60 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
ALTADIS R (ALT.MC) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 47.700 and 42.750 that was broken down at 48.390 transforming into a resistance line.
ALTADIS R (ALT.MC) Mid term stock chart patterns for internet stock trading :

None.
ALTADIS R (ALT.MC) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
ALTADIS R (ALT.MC) was trading in a strong bearish wave, which is becoming weaker .
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 : 47.70, 48.08, 48.51, 48.69, 48.85, 49.00, 49.19, 49.31, 49.69, 50.30, 57.28.
Stock Support levels : 46.99,.