Today we will analyze the stock BANRISUL -ON (BRSR3.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in BANRISUL -ON (BRSR3.SA)
1- Last bearish trend was from 17.00 $ (4/10/2012) to 11.00 $ (5/2/2012) a 6.00 $ move 2- The current bullish trend started from 11.00 $ at 5/2/2012 and is currently trading at 13.00 $.
3- BRSR3.SA current support level is at 12.42 which is the 23.60 % fibonacci retracement of the last 6.00 $ move.
4- BRSR3.SA current resistance level is at 13.29 which is the 38.20 % fibonacci retracement of the last 6.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
BANRISUL -ON (BRSR3.SA) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 17.000 and 17.350, and is currently resisting at 16.813.
BANRISUL -ON (BRSR3.SA) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 17.350 and 18.000, and is currently resisting at 15.481.
BANRISUL -ON (BRSR3.SA) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
BANRISUL -ON (BRSR3.SA) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 13.29, 14.00, 14.71, 15.48, 16.81, 17.00, 18.63, 20.71.
Stock Support levels : 12.53, 12.42, 12.24, 12.00, 11.76, 11.00,.