Today we will analyze the stock PARRAS (PARRAS.MX) for internet stock trading in the MX stock market,
Stock Technical indicators to notice in PARRAS (PARRAS.MX)
1- Last bearish trend was from 0.37 $ (12/18/2008) to 0.25 $ (12/19/2008) a 0.12 $ move 2- The current bullish trend started from 0.25 $ at 12/19/2008 and is currently trading at 0.37 $.
3- PARRAS.MX current support level is at 0.37 which is the 100.00 % fibonacci retracement of the last 0.12 $ move.
4- PARRAS.MX current resistance level is at 0.40 which is the 127.20 % fibonacci retracement of the last 0.12 $ 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.
PARRAS (PARRAS.MX) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.250 .
PARRAS (PARRAS.MX) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.250 .
PARRAS (PARRAS.MX) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.250 .

Stock Trading Conclusion:
PARRAS (PARRAS.MX) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 0.403, 0.444.
Stock Support levels : 0.342, 0.324, 0.310, 0.296, 0.278, 0.250,.