Today we will analyze the stock PININFARINA (PINF.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in PININFARINA (PINF.MI)
1- Last bearish trend was from 3.21 $ (1/17/2012) to 3.04 $ (1/30/2012) a 0.17 $ move 2- The current bullish trend started from 3.04 $ at 1/30/2012 and is currently trading at 3.15 $.
3- PINF.MI current support level is at 3.15 which is the 61.80 % fibonacci retracement of the last 0.17 $ move.
4- PINF.MI current resistance level is at 3.21 which is the 100.00 % fibonacci retracement of the last 0.17 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PININFARINA (PINF.MI) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 3.210 and 3.300 that was broken up at 3.150 transforming into a supporting line.
PININFARINA (PINF.MI) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 3.330 and 3.450, and is currently resisting at 3.263.
PININFARINA (PINF.MI) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 3.450 and 3.600 that was broken up at 3.240 transforming into a supporting line.

Stock Trading Conclusion:
PININFARINA (PINF.MI) was trading in a bullish 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 : 3.21, 3.26, 3.26, 3.32.
Stock Support levels : 3.15, 3.13, 3.12, 3.11, 3.10, 3.10, 3.10, 3.08, 3.08, 3.04,.