Today we will analyze the stock GRUPO FIN BANORTE-O (GFNORTEO.MX) for internet stock trading in the MX stock market,
Stock Technical indicators to notice in GRUPO FIN BANORTE-O (GFNORTEO.MX)
1- Last bullish trend was from 60.40 $ (4/23/2012) to 64.02 $ (4/26/2012) a 3.62 $ move 2- The current bearish trend started from 64.02 $ at 4/26/2012 and is currently trading at 63.00 $.
3- GFNORTEO.MX current support level is at 62.64 which is the 38.20 % fibonacci retracement of the last 3.62 $ move.
4- GFNORTEO.MX current resistance level is at 63.17 which is the 23.60 % fibonacci retracement of the last 3.62 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bearish Divergance in MACD Indicator .
GRUPO FIN BANORTE-O (GFNORTEO.MX) Short term stock chart patterns for internet stock trading :

7- The Stock formed a 8.500 $ height triangle.
GRUPO FIN BANORTE-O (GFNORTEO.MX) Mid term stock chart patterns for internet stock trading :

None.
GRUPO FIN BANORTE-O (GFNORTEO.MX) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 46.920 and 47.900 that was broken up at 45.840 transforming into a supporting line.

Stock Trading Conclusion:
GRUPO FIN BANORTE-O (GFNORTEO.MX) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 63.17, 63.24, 63.39, 63.51, 63.63, 64.02,.
Stock Support levels : 62.64, 62.21, 61.78, 60.40, 59.42, 58.16,.