Today we will analyze the stock GL EVENTS (GLO.PA) for internet stock trading in the PA stock market,
Stock Technical indicators to notice in GL EVENTS (GLO.PA)
1- Last bullish trend was from 16.86 $ (2/4/2014) to 18.30 $ (2/28/2014) a 1.44 $ move 2- The current bearish trend started from 18.30 $ at 2/28/2014 and is currently trading at 17.10 $.
3- GLO.PA current support level is at 16.86 which is the 100.00 % fibonacci retracement of the last 1.44 $ move.
4- GLO.PA current resistance level is at 17.41 which is the 61.80 % fibonacci retracement of the last 1.44 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
6- Bullish Divergance in MACD Indicator .
GL EVENTS (GLO.PA) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 16.860 .
GL EVENTS (GLO.PA) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 2.460 $ height triangle which was broken down at 17.100, target of the pattern is 14.640.
GL EVENTS (GLO.PA) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 15.600 and 15.260, and is currently supporting at 16.043.

Stock Trading Conclusion:
GL EVENTS (GLO.PA) 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 : 17.31, 17.38, 17.41, 17.56, 17.58, 17.70, 17.75, 17.84, 17.96, 18.30,.
Stock Support levels : 17.00, 16.90, 16.86, 16.47, 16.04, 15.97,.