Today we will analyze the stock PATRIA (PATRIA.MX) for internet stock trading in the MX stock market,
Stock Technical indicators to notice in PATRIA (PATRIA.MX)
1- Last bearish trend was from 6.25 $ (9/22/2010) to 5.99 $ (11/16/2010) a 0.26 $ move 2- The current bullish trend started from 5.99 $ at 11/16/2010 and is currently trading at 6.25 $.
3- PATRIA.MX current support level is at 6.25 which is the 100.00 % fibonacci retracement of the last 0.26 $ move.
4- PATRIA.MX current resistance level is at 6.32 which is the 127.20 % fibonacci retracement of the last 0.26 $ 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.
PATRIA (PATRIA.MX) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 5.990 $ and 6.250 $.

PATRIA (PATRIA.MX) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 4.500 .
PATRIA (PATRIA.MX) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 4.500 .

Stock Trading Conclusion:
PATRIA (PATRIA.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 : 6.32, 6.41.
Stock Support levels : 6.19, 6.15, 6.12, 6.09, 6.05, 5.99, 4.50,.