Today we will analyze the stock BICBANCO -PN (BICB4.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in BICBANCO -PN (BICB4.SA)
1- Last bullish trend was from 13.20 $ (12/28/2010) to 14.15 $ (12/30/2010) a 0.95 $ move 2- The current bearish trend started from 14.15 $ at 12/30/2010 and is currently trading at 12.45 $.
3- According to ADX Indicator, the trend is currently 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.
BICBANCO -PN (BICB4.SA) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 14.150 and 16.900 that was broken up at 14.050 transforming into a supporting line.
BICBANCO -PN (BICB4.SA) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 14.150 and 16.900 that was broken up at 14.050 transforming into a supporting line.
BICBANCO -PN (BICB4.SA) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 4.040 $ height triangle which was broken down at 15.000 in higher than usual volume, target of the pattern is 10.960.

Stock Trading Conclusion:
BICBANCO -PN (BICB4.SA) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 12.85, 13.10, 13.30, 13.50, 14.15, 16.86.
Stock Support levels : 10.96, 10.13,.