Today we will analyze the stock BRASKEM -PNB (BRKM6.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in BRASKEM -PNB (BRKM6.SA)
1- Last bullish trend was from 9.00 $ (1/17/2012) to 12.10 $ (1/27/2012) a 3.10 $ move 2- The current bearish trend started from 12.10 $ at 1/27/2012 and is currently trading at 10.00 $.
3- BRKM6.SA current support level is at 9.00 which is the 100.00 % fibonacci retracement of the last 3.10 $ move.
4- BRKM6.SA current resistance level is at 10.18 which is the 61.80 % fibonacci retracement of the last 3.10 $ 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.
BRASKEM -PNB (BRKM6.SA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 9.000 and 3.500 that was broken down at 12.000 transforming into a resistance line.
BRASKEM -PNB (BRKM6.SA) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 9.000 and 3.500 that was broken down at 12.000 transforming into a resistance line.
BRASKEM -PNB (BRKM6.SA) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 9.000 and 3.500 that was broken down at 12.000 transforming into a resistance line.

Stock Trading Conclusion:
BRASKEM -PNB (BRKM6.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 : 10.18, 10.50, 10.55, 10.80, 10.92, 11.05, 11.30, 11.37, 12.10, 25.50,.
Stock Support levels : 9.00, 8.16,.