Today we will analyze the stock VIANINI INDUSTRIA (VIN.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in VIANINI INDUSTRIA (VIN.MI)
1- Last bearish trend was from 1.18 $ (4/13/2012) to 1.12 $ (4/26/2012) a 0.06 $ move 2- The current bullish trend started from 1.12 $ at 4/26/2012 and is currently trading at 1.20 $.
3- VIN.MI current support level is at 1.20 which is the 127.20 % fibonacci retracement of the last 0.06 $ move.
4- VIN.MI current resistance level is at 1.22 which is the 161.80 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
VIANINI INDUSTRIA (VIN.MI) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.180 and 1.240 that was broken up at 1.180 transforming into a supporting line.
VIANINI INDUSTRIA (VIN.MI) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 1.290 .
VIANINI INDUSTRIA (VIN.MI) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 1.290 .
9- The Stock formed a 0.140 $ height triangle which was broken down at 1.220, target of the pattern is 1.080.

Stock Trading Conclusion:
VIANINI INDUSTRIA (VIN.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 : 1.22, 1.27, 1.29,.
Stock Support levels : 1.20, 1.18, 1.18, 1.17, 1.16, 1.16, 1.15, 1.15, 1.14, 1.13, 1.12, 1.10,.