Today we will analyze the stock VALE RIO DOC SP ADR (CVL.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in VALE RIO DOC SP ADR (CVL.MU)
1- Last bullish trend was from 16.69 $ (4/10/2012) to 17.80 $ (4/16/2012) a 1.11 $ move 2- The current bearish trend started from 17.80 $ at 4/16/2012 and is currently trading at 16.15 $.
3- CVL.MU current support level is at 16.00 which is the 161.80 % fibonacci retracement of the last 1.11 $ move.
4- CVL.MU current resistance level is at 16.39 which is the 127.20 % fibonacci retracement of the last 1.11 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
6- Bullish Divergance in MACD Indicator .
VALE RIO DOC SP ADR (CVL.MU) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 16.690 that failed and formed a resistance.
VALE RIO DOC SP ADR (CVL.MU) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 4.320 $ height triangle which was broken down at 16.990, target of the pattern is 12.670.
VALE RIO DOC SP ADR (CVL.MU) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 15.180 .

Stock Trading Conclusion:
VALE RIO DOC SP ADR (CVL.MU) was trading in a bearish 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 : 16.39, 16.54, 16.69, 16.78, 16.98, 17.11, 17.17, 17.24, 17.36, 17.38, 17.54, 17.80,.
Stock Support levels : 16.00, 15.27,.