Today we will analyze the stock AZEVEDO -PN (AZEV4.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in AZEVEDO -PN (AZEV4.SA)
1- Last bearish trend was from 3.05 $ (4/13/2012) to 2.60 $ (5/2/2012) a 0.45 $ move 2- The current bullish trend started from 2.60 $ at 5/2/2012 and is currently trading at 3.09 $.
3- AZEV4.SA current support level is at 3.05 which is the 100.00 % fibonacci retracement of the last 0.45 $ move.
4- AZEV4.SA current resistance level is at 3.17 which is the 127.20 % fibonacci retracement of the last 0.45 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
AZEVEDO -PN (AZEV4.SA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 3.050 that failed, and formed a support .
AZEVEDO -PN (AZEV4.SA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 3.050 that failed, and formed a support .
AZEVEDO -PN (AZEV4.SA) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 2.600 and 2.750,resistance between 3.050 and 3.140 which was broken up at 3.090.

Stock Trading Conclusion:
AZEVEDO -PN (AZEV4.SA) 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 : 3.17, 3.33.
Stock Support levels : 3.07, 3.05, 2.97, 2.94, 2.90, 2.88, 2.84, 2.82, 2.79, 2.77, 2.71, 2.60,.