Today we will analyze the stock BIOMM -ON (BIOM3.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in BIOMM -ON (BIOM3.SA)
1- Last bullish trend was from 8.98 $ (2/20/2014) to 9.40 $ (3/5/2014) a 0.42 $ move 2- The current bearish trend started from 9.40 $ at 3/5/2014 and is currently trading at 9.00 $.
3- BIOM3.SA current support level is at 8.98 which is the 100.00 % fibonacci retracement of the last 0.42 $ move.
4- BIOM3.SA current resistance level is at 9.14 which is the 61.80 % fibonacci retracement of the last 0.42 $ 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.
BIOMM -ON (BIOM3.SA) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 9.400 and 9.780, and is currently resisting at 9.352.
BIOMM -ON (BIOM3.SA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 2.400 $ height triangle which was broken down at 9.200 in higher than usual volume, target of the pattern is 6.800.
BIOMM -ON (BIOM3.SA) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 7.900 and 0.780 that was broken down at 9.500 transforming into a resistance line.

Stock Trading Conclusion:
BIOMM -ON (BIOM3.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 : 9.09, 9.14, 9.15, 9.19, 9.20, 9.24, 9.25, 9.30, 9.35, 9.38, 9.40, 15.82.
Stock Support levels : 8.98, 8.87, 8.72,.