Today we will analyze the stock GRUPO GIGANTE (GIGANTE.MX) for internet stock trading in the MX stock market,
Stock Technical indicators to notice in GRUPO GIGANTE (GIGANTE.MX)
1- Last bullish trend was from 23.00 $ (3/21/2012) to 24.00 $ (3/22/2012) a 1.00 $ move 2- The current bearish trend started from 24.00 $ at 3/22/2012 and is currently trading at 22.50 $.
3- GIGANTE.MX current support level is at 22.38 which is the 161.80 % fibonacci retracement of the last 1.00 $ move.
4- GIGANTE.MX current resistance level is at 22.73 which is the 127.20 % fibonacci retracement of the last 1.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
GRUPO GIGANTE (GIGANTE.MX) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 4.150 $ height triangle which was broken down at 23.000, target of the pattern is 18.850.
GRUPO GIGANTE (GIGANTE.MX) Mid term stock chart patterns for internet stock trading :

None.
GRUPO GIGANTE (GIGANTE.MX) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 23.000 and 24.150 that was broken up at 23.000 transforming into a supporting line.

Stock Trading Conclusion:
GRUPO GIGANTE (GIGANTE.MX) was trading in a strong bullish 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 : 22.73, 22.85, 23.00, 23.07, 23.25, 23.38, 23.43, 23.50, 23.62, 23.76, 24.00, 25.25.
Stock Support levels : 22.38, 18.85,.