Today we will analyze the stock CARRARO (CARR.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in CARRARO (CARR.MI)
1- Last bullish trend was from 1.64 $ (4/24/2012) to 1.75 $ (4/30/2012) a 0.11 $ move 2- The current bearish trend started from 1.75 $ at 4/30/2012 and is currently trading at 1.63 $.
3- CARR.MI current support level is at 1.61 which is the 127.20 % fibonacci retracement of the last 0.11 $ move.
4- CARR.MI current resistance level is at 1.64 which is the 100.00 % fibonacci retracement of the last 0.11 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
CARRARO (CARR.MI) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.290 $ height triangle which was broken down at 1.710, target of the pattern is 1.420.
CARRARO (CARR.MI) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.290 $ height triangle which was broken down at 1.710, target of the pattern is 1.420.
CARRARO (CARR.MI) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.970 $ height triangle which was broken up at 1.730 in higher than usual volume, target of the pattern is 2.700.

Stock Trading Conclusion:
CARRARO (CARR.MI) was trading in a strong bearish wave, which is becoming stronger .
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 : 1.64, 1.66, 1.68, 1.68, 1.69, 1.69, 1.70, 1.71, 1.72, 1.74, 1.75, 2.37, 2.70.
Stock Support levels : 1.61, 1.57, 1.55, 1.42,.