Today we will analyze the stock BCA POP. MILANO (PMI.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in BCA POP. MILANO (PMI.MI)
1- Last bullish trend was from 0.32 $ (4/24/2012) to 0.37 $ (4/30/2012) a 0.05 $ move 2- The current bearish trend started from 0.37 $ at 4/30/2012 and is currently trading at 0.34 $.
3- PMI.MI current support level is at 0.34 which is the 61.80 % fibonacci retracement of the last 0.05 $ move.
4- PMI.MI current resistance level is at 0.34 which is the 50.00 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
BCA POP. MILANO (PMI.MI) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.370 .
BCA POP. MILANO (PMI.MI) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.370 .
BCA POP. MILANO (PMI.MI) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 0.380 and 0.520 that was broken up at 0.350 transforming into a supporting line.

Stock Trading Conclusion:
BCA POP. MILANO (PMI.MI) was trading in a strong 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 : 0.345, 0.347, 0.351, 0.351, 0.355, 0.358, 0.359, 0.370,.
Stock Support levels : 0.339, 0.320, 0.306, 0.289,.