Today we will analyze the stock BEFESA (BMA.MC) for internet stock trading in the MC stock market,
Stock Technical indicators to notice in BEFESA (BMA.MC)
1- Last bullish trend was from 17.83 $ (2/7/2011) to 25.70 $ (4/11/2011) a 7.87 $ move 2- The current bearish trend started from 25.70 $ at 4/11/2011 and is currently trading at 23.22 $.
3- BMA.MC current support level is at 22.69 which is the 38.20 % fibonacci retracement of the last 7.87 $ move.
4- BMA.MC current resistance level is at 23.84 which is the 23.60 % fibonacci retracement of the last 7.87 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
BEFESA (BMA.MC) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 17.830 and 15.350 that was broken down at 23.500 transforming into a resistance line.
BEFESA (BMA.MC) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 15.350 .
BEFESA (BMA.MC) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
BEFESA (BMA.MC) was trading in a strong bearish wave, which is becoming stronger .
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 : 23.81, 23.84, 24.17, 24.46, 24.75, 25.70, 30.04.
Stock Support levels : 22.69, 21.76, 20.84, 17.83, 15.79, 15.69,.