Today we will analyze the stock OLIDATA (OLI.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in OLIDATA (OLI.MI)
1- Last bullish trend was from 0.24 $ (4/26/2012) to 0.27 $ (5/2/2012) a 0.03 $ move 2- The current bearish trend started from 0.27 $ at 5/2/2012 and is currently trading at 0.24 $.
3- OLI.MI current support level is at 0.23 which is the 127.20 % fibonacci retracement of the last 0.03 $ move.
4- OLI.MI current resistance level is at 0.24 which is the 100.00 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
OLIDATA (OLI.MI) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.240 .
OLIDATA (OLI.MI) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.240 and 0.310,resistance between 0.270 and 0.330, the stock channel is currently supported from below by 0.232 and resisted from above by 0.267.
OLIDATA (OLI.MI) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.270 and 0.340, and is currently resisting at 0.268.

Stock Trading Conclusion:
OLIDATA (OLI.MI) was trading in a bearish wave, which is becoming weaker .
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 : 0.247, 0.251, 0.255, 0.259, 0.260, 0.263, 0.268, 0.270,.
Stock Support levels : 0.232,.