Today we will analyze the stock BRASIL TELEC-ON (BRTO3.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in BRASIL TELEC-ON (BRTO3.SA)
1- Last bearish trend was from 16.49 $ (11/8/2010) to 14.36 $ (12/27/2010) a 2.13 $ move 2- The current bullish trend started from 14.36 $ at 12/27/2010 and is currently trading at 17.09 $.
3- BRTO3.SA current support level is at 17.07 which is the 127.20 % fibonacci retracement of the last 2.13 $ move.
4- BRTO3.SA current resistance level is at 17.81 which is the 161.80 % fibonacci retracement of the last 2.13 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
BRASIL TELEC-ON (BRTO3.SA) Short term stock chart patterns for internet stock trading :

None.
BRASIL TELEC-ON (BRTO3.SA) Mid term stock chart patterns for internet stock trading :

None.
BRASIL TELEC-ON (BRTO3.SA) Long term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 14.360 .
7- The Stock formed a 4.200 $ height triangle which was broken up at 16.240 in higher than usual volume, target of the pattern is 20.440.

Stock Trading Conclusion:
BRASIL TELEC-ON (BRTO3.SA) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 17.81, 20.44.
Stock Support levels : 17.07, 16.49, 16.45, 16.05, 15.87, 15.73, 15.68, 15.42, 15.40, 15.17, 14.86, 14.36,.