Today we will analyze the stock BAUMER -PN (BALM4.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in BAUMER -PN (BALM4.SA)
1- Last bearish trend was from 44.00 $ (1/3/2012) to 40.50 $ (1/17/2012) a 3.50 $ move 2- The current bullish trend started from 40.50 $ at 1/17/2012 and is currently trading at 44.00 $.
3- BALM4.SA current support level is at 44.00 which is the 100.00 % fibonacci retracement of the last 3.50 $ move.
4- BALM4.SA current resistance level is at 44.95 which is the 127.20 % fibonacci retracement of the last 3.50 $ move.
5- According to ADX Indicator, the trend is currently bullish, 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.
BAUMER -PN (BALM4.SA) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 12.000 $ height triangle which was broken up at 44.000, target of the pattern is 56.000.
BAUMER -PN (BALM4.SA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 12.000 $ height triangle which was broken up at 44.000, target of the pattern is 56.000.
BAUMER -PN (BALM4.SA) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 38.000 and 28.000,resistance between 50.000 and 42.750 which was broken down at 40.500 in higher than usual volume.

Stock Trading Conclusion:
BAUMER -PN (BALM4.SA) was trading in a bullish 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 : 44.95, 45.27, 46.16, 56.00,.
Stock Support levels : 43.45, 43.17, 42.66, 42.25, 41.84, 41.84, 41.33, 40.50,.