Today we will analyze the stock AMAZONIA -ON (BAZA3.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in AMAZONIA -ON (BAZA3.SA)
1- Last bullish trend was from 0.40 $ (8/22/2011) to 0.45 $ (8/30/2011) a 0.05 $ move 2- The current bearish trend started from 0.45 $ at 8/30/2011 and is currently trading at 0.39 $.
3- BAZA3.SA current support level is at 0.39 which is the 127.20 % fibonacci retracement of the last 0.05 $ move.
4- BAZA3.SA current resistance level is at 0.40 which is the 100.00 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
AMAZONIA -ON (BAZA3.SA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.400 and 0.390 that was broken down at 0.410 transforming into a resistance line.
AMAZONIA -ON (BAZA3.SA) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.400 and 0.390 that was broken down at 0.410 transforming into a resistance line.
AMAZONIA -ON (BAZA3.SA) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.450 and 0.710, and is currently resisting at 0.403.

Stock Trading Conclusion:
AMAZONIA -ON (BAZA3.SA) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 0.400, 0.403, 0.404, 0.413, 0.419, 0.420, 0.425, 0.427, 0.431, 0.438, 0.439, 0.450,.
Stock Support levels : 0.386,.