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 0.90 $ (8/16/2011) to 1.20 $ (1/13/2012) a 0.30 $ move 2- The current bearish trend started from 1.20 $ at 1/13/2012 and is currently trading at 0.90 $.
3- NR.MI current support level is at 0.82 which is the 127.20 % fibonacci retracement of the last 0.30 $ move.
4- NR.MI current resistance level is at 0.90 which is the 100.00 % fibonacci retracement of the last 0.30 $ 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.
NOVA RE (NR.MI) Short term stock chart patterns for internet stock trading :

None.
NOVA RE (NR.MI) Mid term stock chart patterns for internet stock trading :

None.
NOVA RE (NR.MI) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.900 and 0.600 that was broken down at 1.000 transforming into a resistance line.

Stock Trading Conclusion:
NOVA RE (NR.MI) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.971, 1.015, 1.050, 1.085, 1.129, 1.200, 2.161.
Stock Support levels : 0.818,.