Today we will analyze the stock MEDIA 6 (EDI.PA) for internet stock trading in the PA stock market,
Stock Technical indicators to notice in MEDIA 6 (EDI.PA)
1- Last bearish trend was from 5.19 $ (1/26/2012) to 4.99 $ (1/27/2012) a 0.20 $ move 2- The current bullish trend started from 4.99 $ at 1/27/2012 and is currently trading at 5.18 $.
3- EDI.PA current support level is at 5.11 which is the 61.80 % fibonacci retracement of the last 0.20 $ move.
4- EDI.PA current resistance level is at 5.19 which is the 100.00 % fibonacci retracement of the last 0.20 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
MEDIA 6 (EDI.PA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 5.190 .
7- The Stock formed a 0.570 $ height triangle.
MEDIA 6 (EDI.PA) Mid term stock chart patterns for internet stock trading :

None.
MEDIA 6 (EDI.PA) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 5.500 and 7.250 that was broken up at 5.190 transforming into a supporting line.

Stock Trading Conclusion:
MEDIA 6 (EDI.PA) was trading in a strong bullish wave, which is becoming weaker .
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 : 5.19, 5.24, 5.31.
Stock Support levels : 5.14, 5.11, 5.11, 5.09, 5.09, 5.07, 5.06, 5.04, 5.00, 4.99,.