Today we will analyze the stock Citibank Structured Product (PCO) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Citibank Structured Product (PCO)
1- Last bearish trend was from 2.70 $ (1/3/2012) to 2.57 $ (1/9/2012) a 0.13 $ move 2- The current bullish trend started from 2.57 $ at 1/9/2012 and is currently trading at 2.70 $.
3- PCO current support level is at 2.70 which is the 100.00 % fibonacci retracement of the last 0.13 $ move.
4- PCO current resistance level is at 2.74 which is the 127.20 % fibonacci retracement of the last 0.13 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Citibank Structured Product (PCO) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.230 $ height triangle which was broken up at 2.700 in higher than usual volume, target of the pattern is 2.930 which was broken down at 2.690 in higher than usual volume, target of the pattern is 2.460.
Citibank Structured Product (PCO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 2.720 .
Citibank Structured Product (PCO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 2.630 and 2.700 that was broken up at 2.640 transforming into a supporting line.

Stock Trading Conclusion:
Citibank Structured Product (PCO) was trading in a bullish wave, which is becoming weaker .
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 : 2.70, 2.74, 2.78, 2.78, 2.93.
Stock Support levels : 2.67, 2.65, 2.63, 2.62, 2.61, 2.60, 2.57, 2.46,.