Today we will analyze the stock BANESE -ON (BGIP3.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in BANESE -ON (BGIP3.SA)
1- Last bullish trend was from 45.65 $ (2/25/2013) to 49.98 $ (1/1/2014) a 4.33 $ move 2- The current bearish trend started from 49.98 $ at 1/1/2014 and is currently trading at 43.25 $.
3- BGIP3.SA current support level is at 42.97 which is the 161.80 % fibonacci retracement of the last 4.33 $ move.
4- BGIP3.SA current resistance level is at 44.47 which is the 127.20 % fibonacci retracement of the last 4.33 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
BANESE -ON (BGIP3.SA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 49.980 .
7- The Stock formed a 10.000 $ height triangle which was broken down at 48.290, target of the pattern is 38.290.
BANESE -ON (BGIP3.SA) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 49.980 .
9- The Stock formed a 10.000 $ height triangle which was broken down at 48.290, target of the pattern is 38.290.
BANESE -ON (BGIP3.SA) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Bottom Pattern at 40.000 .
11- The Stock formed a 13.750 $ height triangle which was broken up at 48.290 in higher than usual volume, target of the pattern is 62.040.

Stock Trading Conclusion:
BANESE -ON (BGIP3.SA) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 44.47, 44.84, 45.65, 45.82, 46.61, 47.30, 47.41, 47.82, 48.33, 48.96, 49.98, 49.98, 49.98, 49.98, 61.53, 62.04.
Stock Support levels : 42.97, 41.72, 39.98, 38.29,.