Today we will analyze the stock ALFA CONSORC-PND (BRGE8.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in ALFA CONSORC-PND (BRGE8.SA)
1- Last bullish trend was from 3.00 $ (10/21/2011) to 4.00 $ (12/12/2011) a 1.00 $ move 2- The current bearish trend started from 4.00 $ at 12/12/2011 and is currently trading at 2.52 $.
3- BRGE8.SA current support level is at 2.38 which is the 161.80 % fibonacci retracement of the last 1.00 $ move.
4- BRGE8.SA current resistance level is at 2.73 which is the 127.20 % fibonacci retracement of the last 1.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
ALFA CONSORC-PND (BRGE8.SA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 3.000 and 2.570 that was broken down at 3.010 transforming into a resistance line.
ALFA CONSORC-PND (BRGE8.SA) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 3.000 and 2.570 that was broken down at 3.010 transforming into a resistance line.
ALFA CONSORC-PND (BRGE8.SA) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 3.000 and 2.570 that was broken down at 3.010 transforming into a resistance line.

Stock Trading Conclusion:
ALFA CONSORC-PND (BRGE8.SA) was trading in a strong bearish wave, which is becoming weaker .
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 : 2.73, 2.87, 3.00, 3.09, 3.26, 3.38, 3.43, 3.50, 3.62, 3.76, 4.00, 5.58,.
Stock Support levels : 2.38.