Today we will analyze the stock Vitavea (VVEA.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in Vitavea (VVEA.PK)
1- Last bullish trend was from 0.02 $ (5/13/2008) to 0.05 $ (1/16/2009) a 0.03 $ move 2- The current bearish trend started from 0.05 $ at 1/16/2009 and is currently trading at 0.01 $.
3- VVEA.PK current support level is at 0.00 which is the 161.80 % fibonacci retracement of the last 0.03 $ move.
4- VVEA.PK current resistance level is at 0.01 which is the 127.20 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
6- Bullish Divergance in MACD Indicator .
Vitavea (VVEA.PK) Short term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.050 and 0.080, and is currently resisting at 0.038.
Vitavea (VVEA.PK) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.050 and 0.080, and is currently resisting at 0.038.
Vitavea (VVEA.PK) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 0.050 and 0.080, and is currently resisting at 0.038.

Stock Trading Conclusion:
Vitavea (VVEA.PK) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 0.012, 0.019, 0.020, 0.025, 0.030, 0.031, 0.035, 0.035, 0.038, 0.039, 0.043, 0.050, 0.050.
Stock Support levels : 0.001.