Today we will analyze the stock FIAT RSP (FR.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in FIAT RSP (FR.MI)
1- Last bullish trend was from 2.91 $ (5/9/2012) to 3.11 $ (5/11/2012) a 0.20 $ move 2- The current bearish trend started from 3.11 $ at 5/11/2012 and is currently trading at 2.91 $.
3- FR.MI current support level is at 2.86 which is the 127.20 % fibonacci retracement of the last 0.20 $ move.
4- FR.MI current resistance level is at 2.91 which is the 100.00 % fibonacci retracement of the last 0.20 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
FIAT RSP (FR.MI) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 3.110 and 3.470, and is currently resisting at 2.979.
FIAT RSP (FR.MI) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 3.110 and 3.470, and is currently resisting at 2.979.
FIAT RSP (FR.MI) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1.310 $ height triangle which was broken down at 3.100 in higher than usual volume, target of the pattern is 1.790.

Stock Trading Conclusion:
FIAT RSP (FR.MI) was trading in a strong 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 : 2.96, 2.98, 2.99, 3.01, 3.03, 3.06, 3.11, 3.21.
Stock Support levels : 2.86, 2.79,.