Today we will analyze the stock DANIELI and C. (DAN.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in DANIELI and C. (DAN.MI)
1- Last bullish trend was from 19.96 $ (4/23/2012) to 21.43 $ (4/30/2012) a 1.47 $ move 2- The current bearish trend started from 21.43 $ at 4/30/2012 and is currently trading at 20.20 $.
3- DAN.MI current support level is at 19.96 which is the 100.00 % fibonacci retracement of the last 1.47 $ move.
4- DAN.MI current resistance level is at 20.52 which is the 61.80 % fibonacci retracement of the last 1.47 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
DANIELI and C. (DAN.MI) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 19.960 and 18.530 that was broken down at 20.880 transforming into a resistance line.
DANIELI and C. (DAN.MI) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 18.530 and 15.630, and is currently supporting at 19.162.
DANIELI and C. (DAN.MI) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 18.530 and 15.630, and is currently supporting at 19.162.

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

Stock Resistance Levels : 20.49, 20.52, 20.67, 20.69, 20.78, 20.82, 20.87, 20.96, 21.08, 21.23, 21.43,.
Stock Support levels : 19.96, 19.56, 19.16,.