Today we will analyze the stock FMR ART'E' (FMR.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in FMR ART'E' (FMR.MI)
1- Last bullish trend was from 4.14 $ (2/19/2010) to 4.32 $ (2/23/2010) a 0.18 $ move 2- The current bearish trend started from 4.32 $ at 2/23/2010 and is currently trading at 4.04 $.
3- FMR.MI current support level is at 4.03 which is the 161.80 % fibonacci retracement of the last 0.18 $ move.
4- FMR.MI current resistance level is at 4.09 which is the 127.20 % fibonacci retracement of the last 0.18 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
FMR ART'E' (FMR.MI) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 4.140 and 4.550,resistance between 4.320 and 4.790, the stock channel is currently supported from below by 4.019 and resisted from above by 4.237.
FMR ART'E' (FMR.MI) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 4.520 that failed and formed a resistance.
8- The Stock formed Double Top Pattern at 4.900 .
9- The Stock formed a 0.380 $ height triangle which was broken down at 4.600 in higher than usual volume, target of the pattern is 4.220.
FMR ART'E' (FMR.MI) Long term stock chart patterns for internet stock trading :

10- The Stock was supported by a support line, identified by two points: 4.500 and 3.620 that was broken down at 4.910 transforming into a resistance line.

Stock Trading Conclusion:
FMR ART'E' (FMR.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 : 4.09, 4.11, 4.14, 4.15, 4.18, 4.21, 4.21, 4.23, 4.25, 4.28, 4.32, 4.79, 4.79, 4.93, 6.94.
Stock Support levels :.