Today we will analyze the stock BIOMM -PN (BIOM4.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in BIOMM -PN (BIOM4.SA)
1- Last bullish trend was from 2.35 $ (1/18/2011) to 2.50 $ (1/21/2011) a 0.15 $ move 2- The current bearish trend started from 2.50 $ at 1/21/2011 and is currently trading at 2.25 $.
3- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
BIOMM -PN (BIOM4.SA) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 2.350 that failed and formed a resistance.
5- The Stock formed Double Top Pattern at 2.500 .
BIOMM -PN (BIOM4.SA) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 2.350 that failed and formed a resistance.
7- The Stock formed Double Top Pattern at 2.500 .
BIOMM -PN (BIOM4.SA) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 2.100 .

Stock Trading Conclusion:
BIOMM -PN (BIOM4.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 : 2.31, 2.35, 2.35, 2.38, 2.40, 2.50,.
Stock Support levels : 2.10,.