Today we will analyze the stock TUBACEX (TUB.MC) for internet stock trading in the MC stock market,
Stock Technical indicators to notice in TUBACEX (TUB.MC)
1- Last bullish trend was from 2.07 $ (3/6/2012) to 2.29 $ (3/19/2012) a 0.22 $ move 2- The current bearish trend started from 2.29 $ at 3/19/2012 and is currently trading at 2.09 $.
3- TUB.MC current support level is at 2.07 which is the 100.00 % fibonacci retracement of the last 0.22 $ move.
4- TUB.MC current resistance level is at 2.15 which is the 61.80 % fibonacci retracement of the last 0.22 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
TUBACEX (TUB.MC) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 2.070 .
TUBACEX (TUB.MC) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.550 $ height triangle which was broken down at 2.090 in higher than usual volume, target of the pattern is 1.540.
TUBACEX (TUB.MC) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 2.070 and 1.800 that was broken down at 2.090 transforming into a resistance line.

Stock Trading Conclusion:
TUBACEX (TUB.MC) was trading in a bearish wave, which is becoming stronger .
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 : 2.14, 2.14, 2.15, 2.17, 2.18, 2.19, 2.21, 2.21, 2.24, 2.29,.
Stock Support levels : 2.07, 2.07, 2.05, 2.01, 1.93,.