Today we will analyze the stock BRASKEM -ON (BRKM3.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in BRASKEM -ON (BRKM3.SA)
1- Last bearish trend was from 12.59 $ (4/27/2012) to 11.63 $ (5/3/2012) a 0.96 $ move 2- The current bullish trend started from 11.63 $ at 5/3/2012 and is currently trading at 12.18 $.
3- BRKM3.SA current support level is at 12.11 which is the 50.00 % fibonacci retracement of the last 0.96 $ move.
4- BRKM3.SA current resistance level is at 12.22 which is the 61.80 % fibonacci retracement of the last 0.96 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
BRASKEM -ON (BRKM3.SA) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 12.590 and 12.980, and is currently resisting at 12.448.
BRASKEM -ON (BRKM3.SA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 1.550 $ height triangle which was broken down at 12.280, target of the pattern is 10.730.
BRASKEM -ON (BRKM3.SA) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 11.600 and 11.050 that was broken down at 12.490 transforming into a resistance line.

Stock Trading Conclusion:
BRASKEM -ON (BRKM3.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 : 12.22, 12.45, 12.59, 12.64, 12.85, 12.88, 13.18.
Stock Support levels : 12.11, 12.05, 12.00, 11.97, 11.91, 11.86, 11.84, 11.63,.