Today we will analyze the stock BUZZI UNICEM (BZU.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in BUZZI UNICEM (BZU.MI)
1- Last bullish trend was from 13.88 $ (3/3/2014) to 14.44 $ (3/6/2014) a 0.56 $ move 2- The current bearish trend started from 14.44 $ at 3/6/2014 and is currently trading at 13.77 $.
3- BZU.MI current support level is at 13.73 which is the 127.20 % fibonacci retracement of the last 0.56 $ move.
4- BZU.MI current resistance level is at 13.88 which is the 100.00 % fibonacci retracement of the last 0.56 $ 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.
BUZZI UNICEM (BZU.MI) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 1.960 $ height triangle which was broken down at 14.000 in higher than usual volume, target of the pattern is 12.040.
BUZZI UNICEM (BZU.MI) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 13.190 and 11.580 that was broken down at 14.000 transforming into a resistance line.
BUZZI UNICEM (BZU.MI) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 11.580 and 10.180,resistance between 15.150 and 13.370, the stock channel is currently supported from below by 12.939 and resisted from above by 15.285.

Stock Trading Conclusion:
BUZZI UNICEM (BZU.MI) was trading in a bearish 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 : 13.88, 13.93, 14.03, 14.05, 14.09, 14.10, 14.15, 14.16, 14.18, 14.23, 14.31, 14.44,.
Stock Support levels : 13.73, 13.53,.