Today we will analyze the stock FONC.DES REGIONS (513056.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in FONC.DES REGIONS (513056.MU)
1- Last bullish trend was from 68.30 $ (11/27/2009) to 73.97 $ (12/3/2009) a 5.67 $ move 2- The current bearish trend started from 73.97 $ at 12/3/2009 and is currently trading at 69.00 $.
3- 513056.MU current support level is at 68.30 which is the 100.00 % fibonacci retracement of the last 5.67 $ move.
4- 513056.MU current resistance level is at 70.47 which is the 61.80 % fibonacci retracement of the last 5.67 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
FONC.DES REGIONS (513056.MU) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 73.970 and 75.450, and is currently resisting at 73.415.
FONC.DES REGIONS (513056.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 29.830 $ height triangle which was broken down at 68.290, target of the pattern is 38.460.
FONC.DES REGIONS (513056.MU) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 50.750 and 48.880, and is currently supporting at 61.290.

Stock Trading Conclusion:
FONC.DES REGIONS (513056.MU) was trading in a bearish wave, which is becoming stronger .
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 : 69.84, 70.17, 70.47, 70.90, 71.14, 71.49, 71.80, 72.07, 72.63, 73.42, 73.97,.
Stock Support levels : 68.30, 66.76, 64.80, 61.29,.