Today we will analyze the stock FAES FARMA I08 (FAE-N.MC) for internet stock trading in the MC stock market,
Stock Technical indicators to notice in FAES FARMA I08 (FAE-N.MC)
1- Last bullish trend was from 2.74 $ (6/17/2010) to 3.00 $ (6/23/2010) a 0.26 $ move 2- The current bearish trend started from 3.00 $ at 6/23/2010 and is currently trading at 2.68 $.
3- FAE-N.MC current support level is at 2.67 which is the 127.20 % fibonacci retracement of the last 0.26 $ move.
4- FAE-N.MC current resistance level is at 2.74 which is the 100.00 % fibonacci retracement of the last 0.26 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
FAES FARMA I08 (FAE-N.MC) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2.740 and 2.620 that was broken down at 2.850 transforming into a resistance line.
FAES FARMA I08 (FAE-N.MC) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 2.620 and 2.450 that was broken down at 2.850 transforming into a resistance line.
FAES FARMA I08 (FAE-N.MC) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 2.620 and 2.450 that was broken down at 2.850 transforming into a resistance line.

Stock Trading Conclusion:
FAES FARMA I08 (FAE-N.MC) was trading in a 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 : 2.74, 2.76, 2.80, 2.84, 2.84, 2.87, 2.88, 2.90, 2.91, 2.94, 2.94, 3.00,.
Stock Support levels : 2.67,.