Today we will analyze the stock DADA (DA.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in DADA (DA.MI)
1- Last bearish trend was from 2.39 $ (4/25/2012) to 2.29 $ (4/27/2012) a 0.10 $ move 2- The current bullish trend started from 2.29 $ at 4/27/2012 and is currently trading at 2.34 $.
3- DA.MI current support level is at 2.33 which is the 38.20 % fibonacci retracement of the last 0.10 $ move.
4- DA.MI current resistance level is at 2.34 which is the 50.00 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
DADA (DA.MI) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 2.290 $ and 2.390 $.

DADA (DA.MI) Mid term stock chart patterns for internet stock trading :

7- The Stock is trading in a stock channel between 2.230 $ and 2.400 $.

DADA (DA.MI) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 2.400 and 2.600 that was broken up at 2.420 transforming into a supporting line.

Stock Trading Conclusion:
DADA (DA.MI) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 2.34, 2.35, 2.38, 2.39, 2.40, 2.42, 2.45.
Stock Support levels : 2.33, 2.33, 2.32, 2.32, 2.31, 2.31, 2.30, 2.29, 2.23,.