Today we will analyze the stock BRASIL -ON (BBAS3.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in BRASIL -ON (BBAS3.SA)
1- Last bullish trend was from 30.95 $ (1/7/2011) to 31.92 $ (1/12/2011) a 0.97 $ move 2- The current bearish trend started from 31.92 $ at 1/12/2011 and is currently trading at 31.00 $.
3- BBAS3.SA current support level is at 30.95 which is the 100.00 % fibonacci retracement of the last 0.97 $ move.
4- BBAS3.SA current resistance level is at 31.32 which is the 61.80 % fibonacci retracement of the last 0.97 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
BRASIL -ON (BBAS3.SA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 31.920 .
7- The Stock formed a 1.930 $ height triangle which was broken down at 31.100 in higher than usual volume, target of the pattern is 29.170.
BRASIL -ON (BBAS3.SA) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 30.050 and 27.690 that was broken down at 30.890 transforming into a resistance line.
BRASIL -ON (BBAS3.SA) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bullish stock channel identifed by support at 27.690 and 24.480,resistance between 34.980 and 30.490 which was broken down at 30.050 in higher than usual volume.

Stock Trading Conclusion:
BRASIL -ON (BBAS3.SA) was trading in a bearish wave, which is becoming weaker .
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 : 31.18, 31.22, 31.32, 31.35, 31.44, 31.46, 31.55, 31.57, 31.69, 31.80, 31.92, 31.93, 33.58, 35.08.
Stock Support levels : 30.95, 30.69, 30.35,.