Today we will analyze the stock PERMASTEELISA (PMS.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in PERMASTEELISA (PMS.MI)
1- Last bullish trend was from 12.90 $ (9/1/2009) to 13.57 $ (9/11/2009) a 0.67 $ move 2- The current bearish trend started from 13.57 $ at 9/11/2009 and is currently trading at 12.98 $.
3- PMS.MI current support level is at 12.90 which is the 100.00 % fibonacci retracement of the last 0.67 $ move.
4- PMS.MI current resistance level is at 13.16 which is the 61.80 % fibonacci retracement of the last 0.67 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PERMASTEELISA (PMS.MI) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 12.900 and 10.370 that was broken down at 13.500 transforming into a resistance line.
PERMASTEELISA (PMS.MI) Mid term stock chart patterns for internet stock trading :

None.
PERMASTEELISA (PMS.MI) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 12.240 and 12.470 that was broken up at 11.950 transforming into a supporting line.

Stock Trading Conclusion:
PERMASTEELISA (PMS.MI) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 13.12, 13.16, 13.21, 13.23, 13.27, 13.31, 13.34, 13.41, 13.57, 20.94.
Stock Support levels : 12.90, 12.72, 12.49,.