Today we will analyze the stock BANRISUL -PNB (BRSR6.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in BANRISUL -PNB (BRSR6.SA)
1- Last bullish trend was from 17.36 $ (1/7/2011) to 18.84 $ (1/13/2011) a 1.48 $ move 2- The current bearish trend started from 18.84 $ at 1/13/2011 and is currently trading at 16.70 $.
3- BRSR6.SA current support level is at 16.45 which is the 161.80 % fibonacci retracement of the last 1.48 $ move.
4- BRSR6.SA current resistance level is at 16.96 which is the 127.20 % fibonacci retracement of the last 1.48 $ move.
5- According to ADX Indicator, the trend is currently 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.
BANRISUL -PNB (BRSR6.SA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 17.360 and 17.100 that was broken down at 17.500 transforming into a resistance line.
BANRISUL -PNB (BRSR6.SA) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 18.840 and 20.300, and is currently resisting at 18.145.
BANRISUL -PNB (BRSR6.SA) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 4.940 $ height triangle which was broken down at 17.500, target of the pattern is 12.560.

Stock Trading Conclusion:
BANRISUL -PNB (BRSR6.SA) was trading in a 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 : 16.96, 17.21, 17.36, 17.52, 17.74, 17.77, 17.88, 17.93, 18.02, 18.10, 18.14, 18.27, 18.49, 18.84,.
Stock Support levels : 16.45,.