Today we will analyze the stock NEGRI BOSSI (NGB.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in NEGRI BOSSI (NGB.MI)
1- Last bullish trend was from 0.59 $ (3/27/2009) to 0.61 $ (4/20/2009) a 0.02 $ move 2- The current bearish trend started from 0.61 $ at 4/20/2009 and is currently trading at 0.59 $.
3- NGB.MI current support level is at 0.58 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
4- NGB.MI current resistance level is at 0.59 which is the 100.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
6- Bullish Divergance in MACD Indicator .
NEGRI BOSSI (NGB.MI) Short term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.590 and 0.600,resistance between 0.610 and 0.620, the stock channel is currently supported from below by 0.585 and resisted from above by 0.608.
NEGRI BOSSI (NGB.MI) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.580 and 0.540 that was broken down at 0.610 transforming into a resistance line.
NEGRI BOSSI (NGB.MI) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bullish stock channel identifed by support at 0.540 and 0.470,resistance between 0.600 and 0.520 which was broken down at 0.600.

Stock Trading Conclusion:
NEGRI BOSSI (NGB.MI) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 0.595, 0.598, 0.600, 0.602, 0.605, 0.610, 0.620, 0.649, 0.769.
Stock Support levels : 0.585,.