Today we will analyze the stock GALP ENERGIA -B- (GZ5.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in GALP ENERGIA -B- (GZ5.MU)
1- Last bullish trend was from 10.71 $ (4/24/2012) to 11.97 $ (5/2/2012) a 1.26 $ move 2- The current bearish trend started from 11.97 $ at 5/2/2012 and is currently trading at 10.89 $.
3- GZ5.MU current support level is at 10.71 which is the 100.00 % fibonacci retracement of the last 1.26 $ move.
4- GZ5.MU current resistance level is at 11.19 which is the 61.80 % fibonacci retracement of the last 1.26 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
GALP ENERGIA -B- (GZ5.MU) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 11.970 and 13.680, and is currently resisting at 11.819.
GALP ENERGIA -B- (GZ5.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 11.970 and 13.680, and is currently resisting at 11.819.
GALP ENERGIA -B- (GZ5.MU) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 11.970 and 13.680, and is currently resisting at 11.819.

Stock Trading Conclusion:
GALP ENERGIA -B- (GZ5.MU) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 11.14, 11.19, 11.30, 11.34, 11.43, 11.49, 11.56, 11.67, 11.82, 11.97,.
Stock Support levels : 10.71, 10.37,.