Today we will analyze the stock DANONE (DNN.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in DANONE (DNN.MI)
1- Last bullish trend was from 46.86 $ (1/11/2012) to 49.49 $ (1/17/2012) a 2.63 $ move 2- The current bearish trend started from 49.49 $ at 1/17/2012 and is currently trading at 47.70 $.
3- DNN.MI current support level is at 46.86 which is the 100.00 % fibonacci retracement of the last 2.63 $ move.
4- DNN.MI current resistance level is at 47.86 which is the 61.80 % fibonacci retracement of the last 2.63 $ move.
5- According to ADX Indicator, the trend is currently 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.
DANONE (DNN.MI) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 46.860 .
DANONE (DNN.MI) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 6.950 $ height triangle which was broken up at 47.900 in higher than usual volume, target of the pattern is 54.850 which was broken down at 47.300, target of the pattern is 40.350.
DANONE (DNN.MI) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 44.400 and 41.760,resistance between 51.350 and 49.040, the stock channel is currently supported from below by 47.470 and resisted from above by 55.335.

Stock Trading Conclusion:
DANONE (DNN.MI) was trading in a bearish wave, which is becoming stronger .
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 : 47.86, 48.12, 48.16, 48.18, 48.38, 48.49, 48.60, 48.81, 48.87, 49.49, 54.85.
Stock Support levels : 47.67, 46.86, 46.42, 46.14, 45.69, 45.23,.