Today we will analyze the stock BRADESCO -PN (BBDC4.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in BRADESCO -PN (BBDC4.SA)
1- Last bullish trend was from 30.80 $ (3/6/2012) to 33.10 $ (3/16/2012) a 2.30 $ move 2- The current bearish trend started from 33.10 $ at 3/16/2012 and is currently trading at 29.85 $.
3- BBDC4.SA current support level is at 29.38 which is the 161.80 % fibonacci retracement of the last 2.30 $ move.
4- BBDC4.SA current resistance level is at 30.17 which is the 127.20 % fibonacci retracement of the last 2.30 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
BRADESCO -PN (BBDC4.SA) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 30.800 and 30.060,resistance between 33.100 and 32.070 which was broken down at 32.270.
BRADESCO -PN (BBDC4.SA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 33.100 .
8- The Stock formed a 4.960 $ height triangle which was broken down at 30.680 in higher than usual volume, target of the pattern is 25.720.
BRADESCO -PN (BBDC4.SA) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 28.000 and 26.850 that was broken down at 30.520 transforming into a resistance line.

Stock Trading Conclusion:
BRADESCO -PN (BBDC4.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 : 30.17, 30.62, 30.80, 30.96, 31.09, 31.47, 31.59, 31.68, 31.86, 31.95, 32.22, 32.56, 33.10, 33.24, 35.73.
Stock Support levels : 29.38,.