Today we will analyze the stock PARMALAT (PLT.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in PARMALAT (PLT.MI)
1- Last bullish trend was from 1.82 $ (3/16/2012) to 1.88 $ (3/26/2012) a 0.06 $ move 2- The current bearish trend started from 1.88 $ at 3/26/2012 and is currently trading at 1.69 $.
3- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PARMALAT (PLT.MI) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 0.220 $ height triangle which was broken down at 1.850, target of the pattern is 1.630.
PARMALAT (PLT.MI) Mid term stock chart patterns for internet stock trading :

None.
PARMALAT (PLT.MI) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PARMALAT (PLT.MI) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 1.73, 1.76, 1.79, 1.81, 1.88, 2.42.
Stock Support levels : 1.63.