Today we will analyze the stock ALFA INVEST -ON (BRIV3.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in ALFA INVEST -ON (BRIV3.SA)
1- Last bearish trend was from 6.89 $ (9/15/2011) to 6.32 $ (9/30/2011) a 0.57 $ move 2- The current bullish trend started from 6.32 $ at 9/30/2011 and is currently trading at 6.64 $.
3- BRIV3.SA current support level is at 6.61 which is the 50.00 % fibonacci retracement of the last 0.57 $ move.
4- BRIV3.SA current resistance level is at 6.67 which is the 61.80 % fibonacci retracement of the last 0.57 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
ALFA INVEST -ON (BRIV3.SA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 6.890 .
ALFA INVEST -ON (BRIV3.SA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 7.000 .
8- The Stock formed a 1.500 $ height triangle which was broken down at 6.530, target of the pattern is 5.030.
ALFA INVEST -ON (BRIV3.SA) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Top Pattern at 7.000 .
10- The Stock formed a 1.500 $ height triangle which was broken down at 6.530, target of the pattern is 5.030.

Stock Trading Conclusion:
ALFA INVEST -ON (BRIV3.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 : 6.67, 6.83, 6.88, 6.89, 7.00, 7.05, 7.24, 8.26,.
Stock Support levels : 6.61, 6.56, 6.54, 6.52, 6.48, 6.45, 6.44, 6.32, 5.03,.