Today we will analyze the stock BANESE -PN (BGIP4.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in BANESE -PN (BGIP4.SA)
1- Last bearish trend was from 29.48 $ (1/17/2011) to 27.00 $ (1/20/2011) a 2.48 $ move 2- The current bullish trend started from 27.00 $ at 1/20/2011 and is currently trading at 29.00 $.
3- BGIP4.SA current support level is at 28.53 which is the 61.80 % fibonacci retracement of the last 2.48 $ move.
4- BGIP4.SA current resistance level is at 29.48 which is the 100.00 % fibonacci retracement of the last 2.48 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
BANESE -PN (BGIP4.SA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 29.480 .
BANESE -PN (BGIP4.SA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 29.480 .
BANESE -PN (BGIP4.SA) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 21.790 and 23.480 that was broken up at 22.990 transforming into a supporting line.

Stock Trading Conclusion:
BANESE -PN (BGIP4.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 : 29.48, 29.49, 29.59, 30.15, 31.01.
Stock Support levels : 28.53, 28.53, 28.24, 28.24, 28.00, 27.95, 27.76, 27.59, 27.00,.