Today we will analyze the stock ITALCEMENTI RSP (ITR.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in ITALCEMENTI RSP (ITR.MI)
1- Last bullish trend was from 4.30 $ (3/3/2014) to 5.37 $ (3/7/2014) a 1.07 $ move 2- The current bearish trend started from 5.37 $ at 3/7/2014 and is currently trading at 5.15 $.
3- ITR.MI current support level is at 5.12 which is the 23.60 % fibonacci retracement of the last 1.07 $ move.
4- ITR.MI current resistance level is at 5.37 which is the 0.00 % fibonacci retracement of the last 1.07 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
ITALCEMENTI RSP (ITR.MI) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 4.300 and 3.670, and is currently supporting at 4.426.
ITALCEMENTI RSP (ITR.MI) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 3.230 and 2.470,resistance between 3.590 and 2.890 which was broken up at 4.550.
ITALCEMENTI RSP (ITR.MI) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 3.230 and 2.470,resistance between 3.590 and 2.900 which was broken up at 4.150.

Stock Trading Conclusion:
ITALCEMENTI RSP (ITR.MI) was trading in a strong bullish wave, which is becoming stronger .
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 : 5.20, 5.23, 5.26, 5.29, 5.37,.
Stock Support levels : 5.12, 4.96, 4.84, 4.71, 4.57, 4.43, 4.30, 4.29, 4.01,.