Today we will analyze the stock NOVA RE (NR.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in NOVA RE (NR.MI)
1- Last bullish trend was from 0.88 $ (2/27/2014) to 0.94 $ (3/7/2014) a 0.06 $ move 2- The current bearish trend started from 0.94 $ at 3/7/2014 and is currently trading at 0.90 $.
3- NR.MI current support level is at 0.88 which is the 100.00 % fibonacci retracement of the last 0.06 $ move.
4- NR.MI current resistance level is at 0.90 which is the 61.80 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
NOVA RE (NR.MI) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.880 and 0.800 that was broken down at 0.890 transforming into a resistance line.
NOVA RE (NR.MI) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.800 and 0.690, and is currently supporting at 0.833.
NOVA RE (NR.MI) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.800 and 0.690, and is currently supporting at 0.833.

Stock Trading Conclusion:
NOVA RE (NR.MI) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 0.903, 0.909, 0.910, 0.915, 0.917, 0.920, 0.925, 0.926, 0.940, 1.160.
Stock Support levels : 0.880, 0.864, 0.843, 0.833,.