Today we will analyze the stock PARAGON FPO (PGC.AX) for internet stock trading in the AX stock market,
Stock Technical indicators to notice in PARAGON FPO (PGC.AX)
1- Last bearish trend was from 0.25 $ (4/23/2012) to 0.21 $ (5/3/2012) a 0.04 $ move 2- The current bullish trend started from 0.21 $ at 5/3/2012 and is currently trading at 0.22 $.
3- PGC.AX current support level is at 0.22 which is the 23.60 % fibonacci retracement of the last 0.04 $ move.
4- PGC.AX current resistance level is at 0.23 which is the 38.20 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
PARAGON FPO (PGC.AX) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.250 .
PARAGON FPO (PGC.AX) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.230 that failed and formed a resistance.
8- The Stock formed Double Top Pattern at 0.250 .
PARAGON FPO (PGC.AX) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 0.220 .

Stock Trading Conclusion:
PARAGON FPO (PGC.AX) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.225, 0.230, 0.230, 0.235, 0.250, 0.261, 0.275.
Stock Support levels : 0.219, 0.218, 0.216, 0.215, 0.214, 0.210,.