Today we will analyze the stock RENAULT (RNO.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in RENAULT (RNO.MI)
1- Last bullish trend was from 33.20 $ (4/30/2012) to 35.46 $ (5/3/2012) a 2.26 $ move 2- The current bearish trend started from 35.46 $ at 5/3/2012 and is currently trading at 33.00 $.
3- RNO.MI current support level is at 32.59 which is the 127.20 % fibonacci retracement of the last 2.26 $ move.
4- RNO.MI current resistance level is at 33.20 which is the 100.00 % fibonacci retracement of the last 2.26 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
6- Bullish Divergance in MACD Indicator .
RENAULT (RNO.MI) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 33.200 that failed and formed a resistance.
8- The Stock was resisted by a resistance line, identified by two points: 35.460 and 35.690, and is currently resisting at 35.383.
RENAULT (RNO.MI) Mid term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 33.200 that failed and formed a resistance.
10- The Stock was resisted by a resistance line, identified by two points: 35.460 and 35.690, and is currently resisting at 35.383.
RENAULT (RNO.MI) Long term stock chart patterns for internet stock trading :

11- The Stock was supported by a support line, identified by two points: 24.630 and 23.010 that was broken down at 33.000 transforming into a resistance line.

Stock Trading Conclusion:
RENAULT (RNO.MI) was trading in a bullish wave, which is becoming stronger .
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 : 33.11, 33.20, 33.58, 33.94, 34.06, 34.23, 34.25, 34.33, 34.52, 34.60, 34.93, 35.38, 35.46,.
Stock Support levels : 32.59,.