Today we will analyze the stock ELETROBRAS PFD-B N1 (LETACNPB.MC) for internet stock trading in the MC stock market,
Stock Technical indicators to notice in ELETROBRAS PFD-B N1 (LETACNPB.MC)
1- Last bullish trend was from 10.84 $ (12/28/2011) to 11.71 $ (1/16/2012) a 0.87 $ move 2- The current bearish trend started from 11.71 $ at 1/16/2012 and is currently trading at 10.80 $.
3- LETACNPB.MC current support level is at 10.60 which is the 127.20 % fibonacci retracement of the last 0.87 $ move.
4- LETACNPB.MC current resistance level is at 10.84 which is the 100.00 % fibonacci retracement of the last 0.87 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
ELETROBRAS PFD-B N1 (LETACNPB.MC) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 10.840 and 10.120 that was broken down at 11.370 transforming into a resistance line.
ELETROBRAS PFD-B N1 (LETACNPB.MC) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 8.940 and 8.420, and is currently supporting at 9.572.
ELETROBRAS PFD-B N1 (LETACNPB.MC) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 8.940 and 8.420, and is currently supporting at 9.572.

Stock Trading Conclusion:
ELETROBRAS PFD-B N1 (LETACNPB.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 : 10.84, 11.01, 11.15, 11.17, 11.26, 11.27, 11.36, 11.38, 11.50, 11.71, 12.06.
Stock Support levels : 10.60, 10.30, 9.57,.