Today we will analyze the stock VINOVO (VINO.ST) for internet stock trading in the ST stock market,
Stock Technical indicators to notice in VINOVO (VINO.ST)
1- Last bearish trend was from 3.75 $ (3/24/2011) to 3.54 $ (3/31/2011) a 0.21 $ move 2- The current bullish trend started from 3.54 $ at 3/31/2011 and is currently trading at 3.70 $.
3- VINO.ST current support level is at 3.67 which is the 61.80 % fibonacci retracement of the last 0.21 $ move.
4- VINO.ST current resistance level is at 3.75 which is the 100.00 % fibonacci retracement of the last 0.21 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
VINOVO (VINO.ST) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 3.750 .
VINOVO (VINO.ST) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.530 $ height triangle which was broken down at 3.900, target of the pattern is 3.370.
VINOVO (VINO.ST) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 3.600 and 3.530 that was broken down at 3.800 transforming into a resistance line.

Stock Trading Conclusion:
VINOVO (VINO.ST) was trading in a bullish wave, which is becoming weaker .
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 : 3.75, 3.81, 3.88, 4.07, 4.76.
Stock Support levels : 3.67, 3.66, 3.64, 3.64, 3.62, 3.62, 3.60, 3.59, 3.57, 3.54,.