Today we will analyze the stock PLATINA FPO (PGM.AX) for internet stock trading in the AX stock market,
Stock Technical indicators to notice in PLATINA FPO (PGM.AX)
1- Last bullish trend was from 0.09 $ (5/2/2012) to 0.10 $ (5/3/2012) a 0.01 $ move 2- The current bearish trend started from 0.10 $ at 5/3/2012 and is currently trading at 0.09 $.
3- PGM.AX current support level is at 0.09 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- PGM.AX current resistance level is at 0.09 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
PLATINA FPO (PGM.AX) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 0.090 and 0.140,resistance between 0.100 and 0.160, the stock channel is currently supported from below by 0.078 and resisted from above by 0.093.
PLATINA FPO (PGM.AX) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.090 and 0.140,resistance between 0.100 and 0.160, the stock channel is currently supported from below by 0.078 and resisted from above by 0.093.
PLATINA FPO (PGM.AX) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 0.090 and 0.140,resistance between 0.100 and 0.160, the stock channel is currently supported from below by 0.078 and resisted from above by 0.093.

Stock Trading Conclusion:
PLATINA FPO (PGM.AX) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 0.092, 0.094, 0.095, 0.096, 0.098, 0.100, 0.160.
Stock Support levels : 0.087,.