Today we will analyze the stock BASICNET (BAN.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in BASICNET (BAN.MI)
1- Last bullish trend was from 2.05 $ (4/16/2012) to 2.23 $ (4/20/2012) a 0.18 $ move 2- The current bearish trend started from 2.23 $ at 4/20/2012 and is currently trading at 2.12 $.
3- BAN.MI current support level is at 2.12 which is the 61.80 % fibonacci retracement of the last 0.18 $ move.
4- BAN.MI current resistance level is at 2.14 which is the 50.00 % fibonacci retracement of the last 0.18 $ move.
5- According to ADX Indicator, the trend is currently bearish,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- Bullish Divergance in MACD Indicator .
BASICNET (BAN.MI) Short term stock chart patterns for internet stock trading :

7- The Stock formed a 0.290 $ height triangle.
BASICNET (BAN.MI) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 0.460 $ height triangle.
BASICNET (BAN.MI) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 0.500 $ height triangle.

Stock Trading Conclusion:
BASICNET (BAN.MI) was trading in a bearish 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 : 2.14, 2.15, 2.16, 2.16, 2.17, 2.19, 2.19, 2.23,.
Stock Support levels : 2.12, 2.05, 2.00,.