Today we will analyze the stock BRICORAMA (BRICO.PA) for internet stock trading in the PA stock market,
Stock Technical indicators to notice in BRICORAMA (BRICO.PA)
1- Last bullish trend was from 36.50 $ (4/12/2012) to 39.84 $ (4/16/2012) a 3.34 $ move 2- The current bearish trend started from 39.84 $ at 4/16/2012 and is currently trading at 36.50 $.
3- BRICO.PA current support level is at 35.59 which is the 127.20 % fibonacci retracement of the last 3.34 $ move.
4- BRICO.PA current resistance level is at 36.50 which is the 100.00 % fibonacci retracement of the last 3.34 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
BRICORAMA (BRICO.PA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 36.500 and 35.250 that was broken down at 36.500 transforming into a resistance line.
BRICORAMA (BRICO.PA) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 36.500 and 35.250 that was broken down at 36.500 transforming into a resistance line.
BRICORAMA (BRICO.PA) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 39.840 .
9- The Stock formed a 4.990 $ height triangle which was broken down at 36.000, target of the pattern is 31.010.

Stock Trading Conclusion:
BRICORAMA (BRICO.PA) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 36.70, 37.29, 37.78, 37.84, 38.17, 38.56, 39.05, 39.73, 39.84,.
Stock Support levels : 35.59, 34.44,.