Today we will analyze the stock AES ELPA -ON (AELP3.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in AES ELPA -ON (AELP3.SA)
1- Last bullish trend was from 46.00 $ (9/29/2011) to 48.97 $ (9/30/2011) a 2.97 $ move 2- The current bearish trend started from 48.97 $ at 9/30/2011 and is currently trading at 47.40 $.
3- AELP3.SA current support level is at 47.13 which is the 61.80 % fibonacci retracement of the last 2.97 $ move.
4- AELP3.SA current resistance level is at 47.49 which is the 50.00 % fibonacci retracement of the last 2.97 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
AES ELPA -ON (AELP3.SA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 46.000 .
7- The Stock formed a 4.000 $ height triangle which was broken up at 47.500, target of the pattern is 51.500.
AES ELPA -ON (AELP3.SA) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 46.000 and 43.080 that was broken down at 46.700 transforming into a resistance line.
AES ELPA -ON (AELP3.SA) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 43.080 and 42.700, and is currently supporting at 44.885.

Stock Trading Conclusion:
AES ELPA -ON (AELP3.SA) was trading in a strong bearish wave, which is becoming weaker .
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 : 47.49, 47.77, 47.84, 48.00, 48.12, 48.19, 48.27, 48.37, 48.97, 51.50.
Stock Support levels : 47.13, 46.57, 46.00, 45.19, 44.89, 44.16,.