Today we will analyze the stock PENINSULA MINERALS (P1M.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PENINSULA MINERALS (P1M.BE)
1- Last bullish trend was from 0.06 $ (3/31/2011) to 0.07 $ (4/1/2011) a 0.01 $ move 2- The current bearish trend started from 0.07 $ at 4/1/2011 and is currently trading at 0.06 $.
3- P1M.BE current support level is at 0.06 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- P1M.BE current resistance level is at 0.06 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PENINSULA MINERALS (P1M.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.040 $ height triangle which was broken down at 0.060, target of the pattern is 0.020.
PENINSULA MINERALS (P1M.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.040 $ height triangle which was broken down at 0.060, target of the pattern is 0.020.
PENINSULA MINERALS (P1M.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.040 $ height triangle which was broken down at 0.060, target of the pattern is 0.020.

Stock Trading Conclusion:
PENINSULA MINERALS (P1M.BE) was trading in a bearish 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 : 0.062, 0.064, 0.065, 0.066, 0.068, 0.070, 0.072, 0.090, 0.100.
Stock Support levels : 0.057, 0.054, 0.020,.