Today we will analyze the stock SNAM RETE GAS (SRG.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in SNAM RETE GAS (SRG.MI)
1- Last bearish trend was from 4.13 $ (1/21/2014) to 3.99 $ (2/5/2014) a 0.14 $ move 2- The current bullish trend started from 3.99 $ at 2/5/2014 and is currently trading at 4.14 $.
3- SRG.MI current support level is at 4.13 which is the 100.00 % fibonacci retracement of the last 0.14 $ move.
4- SRG.MI current resistance level is at 4.17 which is the 127.20 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
SNAM RETE GAS (SRG.MI) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 3.990 and 3.710 that was broken down at 4.050 transforming into a resistance line.
SNAM RETE GAS (SRG.MI) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 3.710 and 3.370, and is currently supporting at 3.883.
SNAM RETE GAS (SRG.MI) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 3.370 and 3.170, and is currently supporting at 3.604.

Stock Trading Conclusion:
SNAM RETE GAS (SRG.MI) was trading in a bullish 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 : 4.16, 4.17, 4.22.
Stock Support levels : 4.13, 4.10, 4.08, 4.08, 4.07, 4.06, 4.05, 4.04, 4.02, 3.99, 3.88,.